multiple choice question\nthe amount of goods to be acquired from suppliers during the period is shown on…

multiple choice question\nthe amount of goods to be acquired from suppliers during the period is shown on the _____ budget.\nsales\ndirect labor\nmanufacturing overhead\nmerchandise purchases\nneed help? review these concept resources.\nread about the concept

multiple choice question\nthe amount of goods to be acquired from suppliers during the period is shown on the _____ budget.\nsales\ndirect labor\nmanufacturing overhead\nmerchandise purchases\nneed help? review these concept resources.\nread about the concept

Answer

Brief Explanations:

The merchandise purchases budget is specifically designed to calculate the amount of goods a company needs to acquire from suppliers during a given period. It takes into account factors like expected sales (from the sales budget), desired ending inventory, and beginning inventory.

  • The sales budget focuses on projected sales revenue and units sold, not on goods to be acquired from suppliers.
  • The direct labor budget is about the labor hours and costs required for production, not goods acquisition from suppliers.
  • The manufacturing overhead budget deals with indirect manufacturing costs (e.g., factory rent, utilities for the factory), not the amount of goods to be bought from suppliers.

Answer:

merchandise purchases