Explore BrainMass

Explore BrainMass

    Standard cost, cash collections, key to operating budget

    This content was COPIED from BrainMass.com - View the original, and get the already-completed solution here!

    13. A standard cost or production standard that assumes maximum operating conditions and 100% efficiency at all times is called a(n):
    a. ideal standard.
    b. past experience standard.
    c. attainable standard.
    d. average standard.

    14. A key to estimating an accurate amount of cash to be collected from sales is:
    a. the accuracy of the sales forecast.
    b. the accuracy of the estimated collection patterns for sales.
    c. both A and B are keys.
    d. neither A nor B are keys.

    15. What is the "key" to the entire operating budget?
    a. The production/purchases budget.
    b. The forecast of operating activity.
    c. The budgeted balance sheet.
    d. The budgeted income statement.

    © BrainMass Inc. brainmass.com June 4, 2020, 1:07 am ad1c9bdddf
    https://brainmass.com/business/cash-budgeting/380240

    Solution Preview

    13. A standard cost or production standard that assumes maximum operating conditions and 100% efficiency at all times is called a(n):
    a. ideal standard.
    b. past experience standard.
    c. attainable standard.
    d. average standard.

    A. No breaks, no sick workers, perfect ...

    Solution Summary

    A sentence or two explain the reason for each choice.

    $2.19

    ADVERTISEMENT