get accounting solutions Select the correct equation format for the purchases budget.a. Beginning inventory + expected sales = required purchasesb. Expected sales + Desired ending inventory = required purchasesc. Beginning inventory + expected sales - desired ending inventory =required purchasesd. Expected sales + desired ending inventory - beginning inventory =required purchases

The correct answer is:d. Expected sales + desired ending inventory - beginning inventory = required…

Answered: Select the correct equation format for…

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter7: Budgeting

Section: Chapter Questions

Problem 12MC: The units required in production each period are computed by which of the following methods? adding...

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Select the correct equation format for the purchases budget. a. Beginning inventory + expected sales = required purchases b. Expected sales + Desired ending inventory = required purchases c. Beginning inventory + expected sales - desired ending inventory = required purchases d. Expected sales + desired ending inventory - beginning inventory = required purchases
Which one of the following is the equations is used in the production budget? Select one: a. Current period sale (in units) + Beginning inventory (in units) + Ending Inventory (Units) b. Current period sale (in units) + Beginning inventory (in units) - Ending Inventory (Units) c. Current period sale (in units) - Beginning inventory (in units) - Ending Inventory (Units) d. Current period sale (in units) - Beginning inventory (in units) + Ending Inventory (Units)
Which of the following formulas best describes the merchandise purchases budgets? a. Inventory to purchase = Budgeted ending inventory plus the budgeted cost of sales plus budgeted beginning inventory. b. Inventory to purchase = Budgeted beginning inventory plus the budgeted cost of sales less budgeted ending inventory. c. Inventory to purchase = Budgeted beginning inventory plus the budgeted cost of sales plus budgeted ending inventory. d. Inventory to purchase = Budgeted ending inventory plus the budgeted cost of sales less budgeted beginning inventory.
The units required in production each period are computed by which of the following methods? adding budgeted sales to the desired ending inventory and subtracting beginning inventory adding beginning inventory, budgeted sales, and desired ending inventory adding beginning inventory to budgeted sales and subtracting desired ending inventory adding budgeted sales to the beginning inventory and subtracting the desired ending inventory.
On the production budget, the number of units to be produced is computed as Select one: a. unit sales + desired end inventory + beginning inventory. b. unit sales - desired end inventory - beginning inventory. c. unit sales - desired end inventory + beginning inventory. d. unit sales + desired end inventory - beginning inventory. e. unit sales - cost of goods sold + beginning inventory. PreviousSave AnswersNext
Which of the following is least likely to affect the preparation of the purchases budget? A.The amount of inventory stock available to purchase from suppliers. B.How easy it is to transport inventory from delivery trucks to the warehouse. C.The amount of warehouse space available. D.The shelf life of inventory.
Sub. General Account
Which of the following appears on the budgeted balance sheet? * A. estimated sales B. estimated cost of goods sold C. estimated fixed selling expense D. estimated ending accounts receivable
Before a direct materials purchases budget can be prepared, you should firsta. prepare a sales budget.b. prepare a production budget.c. decide on the desired ending inventory of materials.d. obtain the expected price of each type of material.e. All of these
When preparing a production budget, the required production equals: 1. budgeted sales+beginning inventory+desired ending inventory 2. budgetd sales-beginning inventory+desired ending inventory 3.budgeted sales-beginning inventory+desired ending inventory 4. budgeted sales+ beginning inventory-desired ending inventory
Required production during a planning period will depend on the: Multiple Choice cost of beginning inventory of products. credit sales during the period. desired level of beginning inventory. desired level of ending inventory.
Question 55: A purchases budget estimates merchandise purchases given current inventory and expected demand over the coming period. Answer: A. TrueB. False Question 54: Match each sparkline feature with its best description. Win-loss format Adjacent to associated data Automatic updating Indicates positive or negative data points Where the sparklines are placed Causes sparklines to change when associated data is altered

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