ACC Test 3

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A limited resource of some type that restricts the company's ability to satisfy demand is a(n) Blank______.

Constraint

If some products must be cut back because of a constraint, produce the products with the highest Blank______.

Contribution margin per unit of constrained resource

Working hours required to satisfy the production budget are shown on the ______ budget.

Direct labor

contribution margin per labor hour

Find C.M and divide by time required

The cost of unsold units is computed on the______ budget.

ending finished goods inventory

Predetermined Overhead Rate

total manufacturing overhead cost/estimated total amount of the allocation base

Operating budgets generally cover a______ period.

year

The receipts section of the cash budget lists ______.

All cash inflows except borrowings

A company is considering buying a component part that they currently make. Items related to the equipment being used to make the component that are relevant to this decision include Blank______.

Alternative uses, salvage value

When making a volume-trade off decision, managers should ignore Blank______.

Fixed costs

An integrated business plan that formally lays out the company's goals is called the Blank______ budget.

Master

The amount of goods to be acquired from suppliers during the period is shown on the ______ budget.

Merchandise purchases

The first line of the direct labor budget consists of the budgeted units expected to be ______ during the period.

Produced

What number does the direct materials budget take directly from the production budget?

Required production

To calculate total sales on the sales budget, multiply budgeted sales in units by ___

Sales price per unit

Which of the following is needed to prepare a sales budget?

The budgeted number of units to be sold

The ending finished goods inventory budget computes the cost of ______ units.

Unsold

In a manufacturing company, the ___ budget is prepared right after the sales budget

production

a manufacturing company, the _______ budget is used to determine the budgets for manufacturing costs, including the direct materials budget, the direct labor budget,

production


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