Which of the following budgets must managers prepare before they can prepare a direct materials purchases budget? a. Labor budget b. Overhead budget c. Production budget d. Cost of goods manufactured budget

The smelting department of kiner company has the following production and cost data for november. production: beginning work in process 3,700 units that are 100% complete as to materials and 23% complete as to conversion costs; units transferred out 10,500 units; and ending work in process 8,100 units that are 100% complete as to materials and 41% complete as to conversion costs. compute the equivalent units of production for (a) materials and (b) conversion costs for the month of november.

Sole proprietorships produce more goods and services than does any other form of business organization.

You get your monthly banking statement and notice that the number is lower than expected. you decide that you should create a cash flow statement. why are cash flow statements useful in managing money? what are the steps in creating a statement?