COST ACCOUNTING
INTRODUCTION TO COST ACCOUNTING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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A common starting point in the budgeting process is
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expected future net income.
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past performance.
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to motivate the sales force.
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a clean slate, with no expectations.
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Explanation:
Detailed explanation-1: -The budgeting process usually begins with a sales budget. The sales budget reflects forecasted sales volume and is influenced by previous sales patterns, current and expected economic conditions, activities of competitors, and so forth.
Detailed explanation-2: -Which of the following is the most common starting point in the information gathering process for budgeting? production budget.
There is 1 question to complete.