2. Operating expenses are best budgeted on the basis of knowledge about:
a. relevant range.
b. cost behavior patterns.
c. current period budget amounts.
d. prior period actual expenses.
3. Standards are likely to be most useful when expressed in:
a. total costs for the accounting period for the department being evaluated.
b. quantities per unit of output from the process being evaluated.
c. dollars per unit of input to the manufacturing process.
d. terms easily related to by the individual whose performance is being evaluated.
1. The production budget uses all of the following except:
d. the cash receipts budget.
(This is related to cash budget)
The following posting helps with multiple choice questions regarding production budget, operating expenses, standards and budgets.