Ask Question
BusinessBusiness
18 August, 10:16

Which of the following budgets are needed to calculate unit product costs? Direct labor budget Direct materials budget Cash budget Selling and administrative budget Manufacturing overhead budget

+4
Answers (1)
  1. 18 August, 10:22
    0
    The following budgets are needed to calculate are as follows:

    Direct labor budget

    Direct materials budget

    Manufacturing overhead budget

    Explanation:

    The three budgets put together are known as production budget which are as a result of sales budget.

    When a company determines its projected sales, it goes ahead to prepare its production budget in order to fulfill forecast sales as contained in the sales budget. The quantity to be manufactured is based on the opening inventory for the period, forecast sales quantity as well as the desired ending inventory quantity.

    In order to determine production level, the opening inventory is added to forecast sales and desired ending inventory is subtracted to arrive at the estimated production units for the period.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Which of the following budgets are needed to calculate unit product costs? Direct labor budget Direct materials budget Cash budget Selling ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
Sonya and other employees of TransGlobal Inc. maintain a password-protected social media page on which they post comments on work-related issues. The posts range from positive to negative, supporting the page's purpose to " vent about work.
Answers (1)
Which of the following statements is true about work hour regulations for 14 and 15-year-olds? They can work up to 30 hours during a school week They can only work outside school hours They can work up to 3 hours during school days They can start
Answers (1)
Olivia bakes cakes and Andrew grows corn. Olivia and Andrew both like to eat cake and eat corn. In which of the following cases is it impossible for both Olivia and Andrew to benefit from trade? a.
Answers (1)
Flagg records adjusting entries at its December 31 year-end. At December 31, employees had earned $12,400 of unpaid and unrecorded salaries. The next payday is January 3, at which time $31,000 will be paid.
Answers (1)
Blue Sky Company's 12/31/21 balance sheet reports assets of $7000000 and liabilities of $2800000. All of Blue Sky's assets' book values approximate their fair value, except for land, which has a fair value that is $420000 greater than its book value.
Answers (1)
New Questions in Business
If you purchased a camera in Britain for 100 pounds what would be the price in U. S. dollars if one pound is worth 1.40? A:71 B:100 C:140 D:1400
Answers (1)
Gontier corporation stock currently sells for $64.18 per share. the market requires a return of 12 percent on the firm's stock. required: if the company maintains a constant 5.
Answers (1)
If someone asked you, "Why should I bother worrying about my credit score?" what would you say?
Answers (1)
Hall and Donnell reported findings of five separate studies involving over 12,000 managers that explored the relationship between managerial achievement and attitudes toward subordinates.
Answers (1)
On September 1, 2021, Daylight Donuts signed a $188,000, 6%, six-month note payable with the amount borrowed plus accrued interest due six months later on March 1, 2022.
Answers (1)
Home » Business » Which of the following budgets are needed to calculate unit product costs? Direct labor budget Direct materials budget Cash budget Selling and administrative budget Manufacturing overhead budget
Sign Up Forgot Password?