Which is considered the earned value A: Budgeted Cost of Work Scheduled. B: Budgeted Cost of Work Performed. C: Actual Cost of Work Performed. D: Budgeted at Completion.

All of the following are financial budgets except: A: the budgeted balance sheet B: the capital budget C: the cash budget D: the budgeted income statement

The school __________ for a new library. A: budgeted B: spent

We’ve budgeted for a new car next year.

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

When preparing a budgeted balance sheet, the balance in the cash account is found on the ________.

The first step inpreparing the master budget is generally the preparation of the budgeted incomestatement.

Budgeted purchases =beginning inventory + cost of goods sold – desired ending inventory.

Depreciation expenseis usually subtracted as an operating expense to calculate budgeted ending cashon hand.

The financial budgets of a nonmanufacturingcompany include the capital budget, thecash budget, and the budgeted balance sheet.