For a manufacturer, the budgeted income statement________. A. includes amounts from the sales, cost of goods sold, cash, and

Question

2 years ago

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For a manufacturer, the budgeted income statement________. A. includes amounts from the sales, cost of goods sold, cash, and

capital expenditures budgets B. reports cash paid for purchases of direct materials C. does not include depreciation expense D. is accrual-based

Business

1 answer:

galben [10] · Answer 1 · 2023-06-25T13:27:22+03:00

Answer:

B. reports cash paid for purchases of direct materials

Explanation:

There is the only difference of direct material reporting in reporting of a manufacturing business and service based business. A Merchandiser only reports the cost of goods sold which includes the price of the product and other expenses associated with it. A service provider reports the cost of supplies in place of cost of goods sold. The manufacturer reports the direct material, direct labor and all overheads used in the production of the product.

For a​ manufacturer, the budgeted income​ statement________. A. includes amounts from the​ sales, cost of goods​ sold, cash, and

For a manufacturer, the budgeted income statement________. A. includes amounts from the sales, cost of goods sold, cash, and