The second step in developing operating budget is to Options: A . &nbspplan coordination B . &nbspplan accounts C . &nbspobtain information D . &nbspcoverage information

The second step in developing operating budget is to

Question

The second step in developing operating budget is to

Options:

A . plan coordination

B . plan accounts

C . obtain information

D . coverage information

Answer: Option C
Answer: (c).obtain information

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Question 1. The budget which is planned around a single output level is called....

Question 2. If the flexible budget variance is $95000 and an actual cost is $40000, then the flexible budget cost would be....

Question 3. An actual rate paid to labor is greater than the budgeted rate, it means that the....

Question 4. The actual price of material is less than budgeted price, this means that....

Question 5. If a company uses large quantity of input than the budgeted quantity for output level, then the company is known to be....

Question 6. If the budgeted price of input is $50, actual quantity of input is 150 units and the allowed budgeted quantity of input ....of input is 60 units then efficiency variance will be

Question 7. An actual cost is subtracted from flexible budget cost to calculate....

Question 8. An efficiency variance is subtracted from actual input quantity to calculate....

Question 9. If an actual input price is $70 and the budgeted input price is $40, then the price variance will be....

Question 10. The difference between an actual budget and the corresponding amount in static budget is classified as....

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