accounting help needed 495090

1. The cash budget is especially important to a firm when: ?A. there is not a lot of confidence in the sales forecast.?B. it has a relatively large amount of operating cash.?C. the P/E ratio has been trending downwards.?D. it may have to negotiate a short-term bank loan.   2. Which of the following costs are included in the cost classification that is based on the relationship between total cost and volume of activity? ?A. Variable cost and fixed cost.?B. Direct cost and indirect cost.?C. Product cost and period cost.?D. Committed cost and discretionary cost.   3. Which of the following costs are included in the cost classification that is based on the time frame perspective? ?A. Variable cost and fixed cost.?B. Direct cost and indirect cost.?C. Product cost and period cost.?D. Committed cost and discretionary cost.   4. A cost that is incurred because of a long-range policy decision is known as a: ?A. discretionary cost.?B. committed cost.?C. continuous cost.?D. standard cost.   ?5. Which of the following is not an important factor to consider when preparing a sales forecast? ?A. The state of the economy.?B. Seasonal demand variations.?C. A change in the management team.?D. Competitors’ actions.   ?6. Which of the following is a plan for acquiring the resources needed to complete the manufacturing activities that will satisfy the organization’s sales forecast? ?A. Sales budget?B. Raw materials budget?C. Production budget?D. Direct labor budget     7. Which of the following lists the components of the master budget in correct chronological order? ?A. Direct labor budget, production budget, cost of goods sold budget.?B. Sales budget, production budget, cash budget.?C. Sales budget, raw materials budget, production budget.?D. Cash budget, production budget, manufacturing overhead budget.   8. The raw materials budgeted to be purchased for the period is equal to: ?A. ending inventory + raw material used – beginning inventory.?B. ending inventory + ending inventory -…