Question

Identify the corresponding budget(s) from which dollar amounts are transferred directly in constructing each of the following:

Answer 1

Answer:

The corresponding budgets in column B from which dollar amounts are transferred directly is paired correctly with the budgets listed in Column A.

as shown in the explanation section below

Explanation:

Solution

Given that

COLUMN A                                                        COLUMN B

1.Budgeted Income statement –                      (e)Sales Budget

2.Budgeted Balance sheet –                            (d)Payables Budget

3.Flow  Cash Budget –                                       (a)Direct materials budget

4. cost of goods sold –                                      (b)cost of goods sold Budget

5.production Budget –                                       (c)production Budget

Note: This is the complete question to this example.

Complete question

Identify the budgets in Column B from which dollar amounts are transferred directly in constructing the budgets listed in Column A.

Column A

1. Budgeted income statement

2. Budgeted balance sheet

3. Cash flow budget

4. Cost of goods sold budget

5. Production budget

Column B

a. Direct materials budget

b. Cost of goods sold budget

c. Production budget

d. Payables budget

e. Sales budget

f. Budgeted income statement