MATCH THE FOLLOWING shows expected results at several activity levels integrated

Question

MATCH THE FOLLOWING shows expected results at several activity levels integrated set of operating and financing budgets for a period of time estimates the number of units to be manufactured to meet sales and inventory levels shows expected results at only one activity level begins by estimating the quantity of sales master budget sales budget production budget flexible budget static budget MATCH THE FOLLOWING shows expected results at several activity levels integrated set of operating and financing budgets for a period of time estimates the number of units to be manufactured to meet sales and inventory levels shows expected results at only one activity level begins by estimating the quantity of sales master budget sales budget production budget flexible budget static budget

Explanation / Answer

Ans. 1 Shows expected results at several activity levels = Flexible budget 2 Integrated set of operating and financing budgets for a period of time                                = Master budget 3 Estimates the number of units to be manufactured to meet sales and inventory levels = Production budget 4 Shows expected results at only one activity level = Static budget 5 Begins by estimating the quantity of sales = Sales budget

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