Reference no: EM132657019

Question 1: For the company that does not have resource limitation, in what sequence would following budgets be prepared?

i. cash budget

ii. sales budget

iii. inventory budget

iv. production budget

v. purchases budget

a. sequence ii, iii, iv, v and i.

b. sequence ii, iv, iii, v, and i.

c. sequence ii, iii, iv, I and v.

d. sequence iv, iii, ii, I, and v. (rpcpa)

Question 2: Budgets that are prepared for various degrees of plant operations and are used to control costs at different levels of productive capacity is: (rpcpa)

a. Operating budgets.

b. Rolling budgets.

c. Flexible budgets.

d. Out-of-pocket costs.