You are watching: Which of the following statements about budgeting is not true?
3) concerning the budgeting process, which of the following statements is true?A) height corporate administration should constantly design the budget.B) The company"s exterior auditors should always approve the budget.C) The budget plan should it is in designed from the bottom up, v input from managers at all levels.D) every one of the provided statements space true statements about the budgeting process.
Which that the adhering to statements around budgeting is not true?A) Budgeting is an aid to planning and control.B) The operating spending plan should be ready by top management, fairly than mid-management personnel, because they have actually the all at once objectives that the agency in mind.C) Budgets assist to coordinate the activities of the entire organization.D) Budgets promote communication and also coordination between departments in an organization
B) The operating budget should be prepared by height management, quite than mid-management personnel, since they have actually the in its entirety objectives of the agency in mind.
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Which the the complying with is thought about to it is in a rigorous however attainable standard?a. All material standardsb. Normal standardsc. Best standardsd. Balances standards
Which statement is true together it relates to traditional cost?a. That is the actual price of a unit that productb. It to represent the selling price of a product to develop the most profitc. It is a full budgeted quantity in the accounting recordsd. The is regularly journalized in the accounting system
From what go the overhead volume variance result?a. Change overhead costsb. Addressed overhead costsc. Both variable and fixed overhead costsd. Every manufactoring costs
Which the the complying with is no true the the budgeting process?a. Budgeting provides feedback to mgt. To assist in assessing how well its getting to its goals.b. Budgets force managers to plan for the futurec. Budgets pressure managers to take into consideration relations amongst operations across the entire value chain.d. The performance report is prepared as component of the grasp budget.
Which the the following is part of the jae won budget?a. Budgeted balance sheetb. Operation expensesc. Sales budgetd. Budgeted earnings statement
Which that the complying with budgets is the an extensive planning file for the entire organization?a. Sales budgetb. Funding expenditure budgetc. Understand budgetd. Budgeted income statement