Which of the following is not true about the direct materials purchases budget?
a. It is determined by the anticipated change in the direct materials inventory level and the production budget.
b. The direct materials purchases budget does not affect the forecasted balance sheet.
c. The direct materials purchases budget is expressed in units and dollars.
d. It is used in preparing the budgeted income statement.
B
Business
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To a large extent, values are influenced by the environment in which people live and work
Indicate whether the statement is true or false.
Business
In an EOQ model, as the carrying cost increases, the order quantity:
A) increases. B) decreases. C) remains the same. D) cannot be determined.
Business