Calculation of ending cash balance: Ending cash balance



1) Calculation of ending cash balance:
Ending cash balance= opening cash balance+cash receipt-cash payment-loan repayment= 2800+56000-39000-8000= 11800
So correct answer is b)$11800

2) financial budget includes detailed preparation of balance sheet, cash flow statement, etc. So correct answer is b) A pro forma balance sheet

3) An overhead budget shows the expected cost of all the production costs excluding the direct material and direct labor. Direct material and direct labor are not considered in the overhead budget.
So correct answer is d) other than direct materials and direct labor

4) budget cost is based on the output level of activity. Budget cost changes when the total variable cost increases as the output increases.
So correct answer is b) total variable cost go up as output increases

Leave a Comment

Your email address will not be published. Required fields are marked *