You are watching: Which of the following statements about budgeting is false
3) Regarding the budgeting procedure, which of the adhering to statements is true?A) Top corporate administration need to constantly style the budobtain.B) The company"s outside auditors need to constantly grant the budacquire.C) The budgain need to be designed from the bottom up, through input from managers at all levels.D) All of the provided statements are true statements around the budgeting process.
Which of the adhering to statements around budgeting is not true?A) Budgeting is an help to planning and also regulate.B) The operating budget must be all set by peak administration, fairly than mid-administration personnel, because they have actually the all at once missions of the agency in mind.C) Budgets help to coordinate the activities of the whole organization.D) Budgets promote interaction and also coordination between departments in an organization
B) The operating budgain need to be prepared by optimal administration, rather than mid-administration personnel, bereason they have the overall missions of the agency in mind.
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Which of the adhering to is taken into consideration to be a rigorous but attainable standard?a. all material standardsb. normal standardsc. best standardsd. balances standards
Which statement is true as it relates to standard cost?a. it is the actual price of a unit of productb. It represents the marketing price of a product to create the the majority of profitc. it is a complete budgeted amount in the bookkeeping recordsd. it is often journalized in the bookkeeping system
From what does the overhead volume variance result?a. variable overhead costsb. fixed overhead costsc. both variable and resolved overhead costsd. all manufactoring costs
Which of the adhering to is not true of the budgeting process?a. budgeting provides feedback to mgt. to assist in assessing how well its reaching its purposes.b. budgets pressure managers to setup for the futurec. budgets pressure managers to think about relations among operations across the entire value chain.d. the performance report is all set as component of the understand budget.
Which of the following is part of the financial budget?a. budgeted balance sheetb. operating expensesc. sales budgetd. budgeted earnings statement
Which of the complying with budgets is the comprehensive planning document for the entire organization?a. sales budgetb. funding expenditure budgand so on. master budgetd. budgeted revenue statement