in creating the master budget, the second budget a company prepares is the production budget. a. True b. False

Business

1 answer:

Rzqust [24]3 years ago

5 0

Answer:

In creating the master budget, the second budget a company prepares is the production budget.

a. True

Explanation:

When a company prepares the master budget, it first prepares the sales budget, followed by the production budget. The production budget calculates the costs of materials, labor, and overhead based on the number of units to be manufactured within the budget period. The units of products are derived from the sales forecast and the planned amount of ending finished goods inventory.

You might be interested in

A senior licensed professional engineer with 30 years of experience in geotechnical engineering is placed in charge of a multidi

yKpoI14uk [10]

This arrangement is ethical as long as the engineer signs and seals each design segment only after it has been reviewed by an independent consulting engineer who specializes in the field which it pertains.<span> If what she was dealing is not her field of expertise, she needs to have the aid of independent engineer who can verify the work passed to her before she signs the design segment.</span>

5 0

3 years ago

Item 6Item 6 Suppose that the firm's only variable input is labor. When 50 workers are used, the average product of labor is 50

Kipish [7]

Answer:

$1.07

Explanation:

The marginal cost measures the change in total cost of adding on more worker divided by the change in product for this additional worker (marginal product of labor). When adding one more worker, costs will increase by $80 (wage rate), while product will increase by 75. Therefore, the marginal cost is:

$MC=\frac{80}{75}\\MC=\$1.07$

The marginal cost is $1.07.

3 0

3 years ago

Programs designed to create a workplace that enhances employee well-being are referred to as ________ programs.

Flauer [41]

Answer: quality of work life programs

I hope this helps :D

6 0

2 years ago

Improving performance and striving for a better career is an example of ....

mojhsa [17]

Being and expert!!!!!!!!!!!!!!!!!!!!!!!1

4 0

3 years ago

Corn chips and potato chips are substitutes. Good weather that sharply increases the corn harvest would a. increase consumer sur

yaroslaw [1]

Answer: Option(a) is correct.

Explanation:

Corn chips and potato chips, both are substitute goods and thus, affect each others demand by a small changes in various factors.

In this question, a good weather increases the harvesting of corn which increases the supply of corn chips.

This shifts the supply curve rightwards as a result price falls and quantity increases. Hence, this lower price, increases the consumer surplus in the market of corn chips.

This change in the supply of corn chips will affect the demand for potato chips in the potato chips market. So, the demand curve for potato chips shifts leftwards. This shift in the demand curve, reduces the price level and quantity level. Hence, this lowers the producer surplus in the market for potato chips.

6 0

3 years ago