The final step in the process of creating the master budget is the preparation o

Question

The final step in the process of creating the master budget is the preparation of the In the cash flow statement, all cash receipts and payments are categorized into Operating activities, Financing activities, and Which of the following describes the selling and administrative expenses budget? Which of the following amounts of a flexible budget remain constant when the sales volume changes? Which of the following amounts of a flexible budget change with changes in sales volume? Sales volume variance is the difference between the A company is analyzing its month-end results by comparing it to both static and flexible budgets. During the previous month, the actual variable expenses per unit were lower than the expected variable casts per unit as per the static budget. This difference results in a(n) A company is analyzing its month-end results by comparing it to both static and flexible budgets. During the previous month, the actual sales volume was lower than the expected sales volume as per the static budget. This difference results in an unfavorable

Explanation / Answer

28) A budgeted cash flow statment becaue it will would be made from income statment and the balance sheet

29) C) investing activities, there are three tyrpes of activities while preparing the cash flows.

30) D) selling and admnistration budget captures all the relevant thins related to that

31) total fixed costs - fixed remains same irrespective of sales

32) variable expense per unit because variable expense are tied up with each unit.

33) D) it is the difference between the actual units sold - budgeted units sold

34)

c) favaorable fleible budget variance becuase the actual cost is less than the budgeted cost

35) B) sales volume variance for sales revenue because the actual volume sold is less thus it is unfavorable.

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