ECONOMICS
BUDGETING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which of the following budgets is usually prepared on a “per unit” basis?
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Whole farm budget
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Enterprise budget
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Partial budget
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Cash flow budget
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Explanation:
Detailed explanation-1: -A master budget is an aggregation of all lower level budget produced by the company for all functional areas.
Detailed explanation-2: -The three types of annual Government budgets based on estimates are Surplus Budget, Balanced Budget, and Deficit Budget.
Detailed explanation-3: -The production budget, also called the manufacturing budget, is a budget that determines the quantity of the firm’s product that needs to be produced during a budgetary time period. This budget is stated in units of the product or the quantity.
Detailed explanation-4: -The sales budget is typically the first budget prepared.
There is 1 question to complete.