The quantity of material in the material purchases budget is greater than the inferred from quantity ofmaterial in the material usage budget. Which of the following statements can be this situation?
A: Wastage of material occurs in the production process
B: Finished goods inventories are budgeted to increase
C: Raw materials inventories are budgeted to increase
D: Raw materials inventories are budgeted to decrease
A: Wastage of material occurs in the production process
B: Finished goods inventories are budgeted to increase
C: Raw materials inventories are budgeted to increase
D: Raw materials inventories are budgeted to decrease
举一反三
- 中国大学MOOC: The quantity of material in the material purchases budget is greater than the inferred from quantity of material in the material usage budget. Which of the following statements can be this situation?
- 中国大学MOOC: A company determines its order quantity for a raw material by using the Economic Order Quantity (EOQ) model. What would be the effects on the EOQ and the total annual holding cost of a decrease in the cost of ordering a batch of raw material?
- In a financial accounting system what would be the double entry for the issue of direct materials to production? A: Dr Raw material inventory, Cr Work in progress B: Dr Raw material inventory, Cr Cost control account C: Dr Work in progress, Cr Raw material inventory D: Dr Cost control account, Cr Raw material inventory
- Which budget consists of direct materials, direct labour and production overheads? A: Cash budget B: Debtors budget C: Creditors budget D: Raw materials budget E: Production cost budget
- In a financial accounting system what would be the double entry for the purchase of raw materials? A: Dr Raw material inventory, Cr Payables control account B: Dr Raw material inventory, Cr Cost control account C: Dr Payables control account, Cr Dr Raw material inventory D: Dr Cost control account, Cr Dr Raw material inventory