10 The formula for computing the direct labor budget is to multiply the direct labor cost per hour by the A. all the above are correct B. total required direct labor hours C. physical units to be produced O D. equivalent units of production QUESTION 11 The budget for a merchandiser differs from a budget for a manufacturer because A. both A and B above B. None of the above C. the manufacturing budgets are not applicable to a merchandiser D. a merchandise purchases budget replaces the production budget QUESTION 12 A budget A. can be prepared for any period of time B. must be prepared by the president of the company C. must be prepared monthly D. must be for a one year period of time QUESTION 13 Which of the following is an example of manufacturing overhead Raw materials Direct labor Property taxes on a factory Job order costing QUESTION 14 Which is a type of inventory for a manufacturer Raw materials inventory Cost of goods sold inventory Cost of goods manufactured inventory Almost finished inventory