You are watching: Which of the following statements about budgeting is false
3) concerning the budgeting process, i m sorry of the following statements is true?A) height corporate monitoring should constantly design the budget.B) The company"s outside auditors should constantly approve the budget.C) The budget plan should it is in designed native the bottom up, through input from supervisors at every levels.D) every one of the provided statements space true statements around the budgeting process.
Which of the adhering to statements around budgeting is no true?A) Budgeting is an assist to planning and also control.B) The operating spending plan should be ready by height management, rather than mid-management personnel, since they have actually the overall objectives of the company in mind.C) Budgets assist to coordinate the activities of the whole organization.D) Budgets promote communication and coordination in between departments in an organization
B) The operating budget should be ready by top management, quite than mid-management personnel, because they have the all at once objectives the the firm in mind.
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Which that the complying with is thought about to be a rigorous however attainable standard?a. All material standardsb. Normal standardsc. Right standardsd. Balances standards
Which statement is true together it relates to typical cost?a. It is the actual cost of a unit that productb. It to represent the selling price that a product to develop the many profitc. The is a complete budgeted quantity in the accounting recordsd. It is often journalized in the bookkeeping system
From what does the overhead volume variance result?a. Change overhead costsb. Resolved overhead costsc. Both variable and also fixed overhead costsd. Every manufactoring costs
Which of the adhering to is no true that the budgeting process?a. Budgeting gives feedback come mgt. To assist in assessing exactly how well its reaching its goals.b. Budgets force managers to plan for the futurec. Budgets force managers to think about relations amongst operations throughout the whole value chain.d. The performance report is ready as part of the grasp budget.
Which of the following is component of the financial budget?a. Budgeted balance sheetb. Operating expensesc. Sales budgetd. Budgeted income statement
Which of the following budgets is the an extensive planning record for the whole organization?a. Sales budgetb. Capital expenditure budgetc. Master budgetd. Budgeted income statement