For each item given, identify the budget in which it will appear. If an item will appear on more than one budget, then indicate as many budgets as are relevant.
Budget Code:
DM Direct Materials Budget
DL Direct Labor Budget
P Production Budget
S Sales Budget
C Cash Budget
BBS Budgeted Balance Sheet
BIS Budgeted Income Statement
SA Selling and Administrative Expense Budget
MOH Manufacturing Overhead Budget
1. Ending cash balance
2. Total selling and administrative expenses
3. Total sales (in dollars)
4. Interest expense
5. Ending raw materials inventory (in dollars)
6. Ending finished goods inventory (in dollars)

Question

Quizplus · Accepted Answer

The Answer of For each item given, identify the budget in which it will appear. If an item will appear on more than one budget, then indicate as many budgets as are relevant.
Budget Code:
DM Direct Materials Budget
DL Direct Labor Budget
P Production Budget
S Sales Budget
C Cash Budget
BBS Budgeted Balance Sheet
BIS Budgeted Income Statement
SA Selling and Administrative Expense Budget
MOH Manufacturing Overhead Budget
1. Ending cash balance
2. Total selling and administrative expenses
3. Total sales (in dollars)
4. Interest expense
5. Ending raw materials inventory (in dollars)
6. Ending finished goods inventory (in dollars)

For Each Item Given, Identify the Budget in Which It