1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Varvara68 [4.7K]
4 years ago
13

Which of the following statements is true? a.The sales budget includes both units and dollars. b.The direct labor budget uses an

average wage rate for direct labor. c.The overhead budget is typically composed of variable overhead and fixed overhead.d.The production budget is not converted into dollars. e.All of these choices are correct.
Business
1 answer:
kupik [55]4 years ago
6 0

Answer:

E) All of these choices are correct.

Explanation:

A sales budget estimates the total amount of goods and services that a company plans to sell during the next accounting period, it includes both units of goods or services and the money they should generate.

The direct labor budget estimates how much the company will spend in direct labor during the next accounting period. It includes the wage rate per hour and the hours needed to complete the production requirements.

The overhead budget estimates the expected costs for all production costs except direct materials and direct labor, it is divided into variable overhead per unit and fixed overhead per total production.

The production budget estimates the number of units that should be produced, it doesn't consider production costs nor selling price.

You might be interested in
What does a future value measure
hjlf
Future value (FV) is the value of a current asset at a future date based on an assumed rate of growth. The future value (FV) is important to investors and financial planners as they use it to estimate how much an investment made today will be worth in the future.

Future Value = Present Value (1 + (Interest Rate x Number of Years)) Let's say Bob invests $1,000 for five years with an interest rate of 10%. The future value would be $1,500.
3 0
3 years ago
Define the term market system.
crimeas [40]
I'm sorry but is it market system/market economy
5 0
3 years ago
All of the following statements regarding brand loyalty are true except: Select one: a. the marketing costs of reaching loyal cu
evablogger [386]

Answer: the marketing costs of reaching loyal customers are typically very high

Explanation:

Brand loyalty is when a customer buys a product repeatedly from thesame company rather than buying a substitute from another company. Despite the efforts of the competitors to life them away, such customers are devoted to the product.

It should be noted that the marketing costs of reaching loyal customers are typically low. They hardly need any source of encouragement or advertisement to convince them to make their purchases.

6 0
3 years ago
which question or questions should you ask yourself when determining how much money you can afford to spend on a mortgage
Sati [7]
What is my income. then subtract
what are my ordinary monthly expenses.
what is my weekly allowance.
what are my incidentals
what are my insurance and taxes going to be.
are these included in the mortgage.
allow 10% for tithing
clothing costs
medical copays.
do you get paid for sick days.
3 0
3 years ago
What is the price at which equilibrium is achieved?
nasty-shy [4]
The price at which equilibrium is reached is known as the equilibrium price. In economics, the equilibrium price is reached when the quantity of a certain product will match the demand of a certain product with regard to price per product. In order to solve for this, you have to compute for quantity demand and quantity supply. After that, you have to graph the line of these two equations and find where these two lines would intersect to find the equilibrium price. 
8 0
3 years ago
Read 2 more answers
Other questions:
  • Company ABA showed its customers products with various combinations of features and attributes, with price being one of them. It
    10·2 answers
  • As a businessperson planning to open a new small business, you know that the business plan should not contain
    6·1 answer
  • The Coffee Cup Company had a credit balance of $500 in interest payable at the beginning of the period, and a credit balance of
    13·1 answer
  • Researching investments online can be valuable because
    6·1 answer
  • It doesnt matter what your goal is. any idea you may create is achievable. true or false​
    10·1 answer
  • Nicole Corporation's year-end 2017 balance sheet lists current assets of $741,000, fixed assets of $592,000, current liabilities
    12·1 answer
  • An old computer having book value RS.10000 was sold for RS. 15009.<br>journal entries?​
    6·2 answers
  • Why is technology important?Explain.​
    11·2 answers
  • Why do i sometimes need to chose between my wants and needs
    12·1 answer
  • Explain how banks have transformed their commercial lending business from asset transformation to brokerage services
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!