The amount of raw material purchased in a period may be different than the amount of material used that period because
A) the number of units sold may be different from the number of units produced.
B) finished goods inventory may fluctuate during the period.
C) the raw material inventory may increase/decrease during the period.
D) companies often pay for material in the period after it is purchased.
Correct Answer:
Verified
Q60: The preparation of an organization's budget
A)forces management
Q61: Which of the following equations can be
Q65: The master budget is a
A)static budget.
B)flexible budget.
C)qualitative
Q67: Chronologically,in what order are the sales,purchases,and production
Q71: Of the following budgets,which one is least
Q74: A company that maintains a raw material
Q75: If the chief accountant of a firm
Q77: Depreciation on the production equipment would appear
Q79: Chronologically,the first part of the master budget
Q80: A purchases budget
A)does not reflect early payment
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents