CMA Study Group

CMA Exam Part 1

What would be the correct chronological order of preparation for the following budgets? 

I. Cost of goods sold budget. 
II. Production budget. 
III. Purchases budget. 
IV. Administrative budget. 

a. I, II, III, IV. 
b. III, II, IV, I. 
C. IV, II, III, I. 
d. II, III, I, IV.

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Morgan Del Rio
Marketing and Social Media Manager
IMA
morgan.delrio@...
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Solution: D
The production budget and the purchases budget must be completed before the cost of goods sold budget can be completed. An administrative budget may also be dependent on the planned sales and manufacturing activity and is generally completed after all production revenues and costs have been budgeted. 



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Morgan Del Rio
Marketing and Social Media Manager
IMA
morgan.delrio@...
------------------------------

Original Message:
Sent: 07-27-2018 12:52 PM
From: Morgan Del Rio
Subject: CMA Pop Quiz - Q&A 242

CMA Exam Part 1

What would be the correct chronological order of preparation for the following budgets?

I. Cost of goods sold budget.
II. Production budget.
III. Purchases budget.
IV. Administrative budget.

a. I, II, III, IV.
b. III, II, IV, I.
C. IV, II, III, I.
d. II, III, I, IV.

------------------------------
Morgan Del Rio
Marketing and Social Media Manager
IMA
<maskemail>morgan.delrio@...</maskemail>
------------------------------

Thank you for posting.

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ASHFAK
Saudi Arabia
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Original Message:
Sent: 07-27-2018 06:17 PM
From: Morgan Del Rio
Subject: CMA Pop Quiz - Q&A 242

Solution: D
The production budget and the purchases budget must be completed before the cost of goods sold budget can be completed. An administrative budget may also be dependent on the planned sales and manufacturing activity and is generally completed after all production revenues and costs have been budgeted.



------------------------------
Morgan Del Rio
Marketing and Social Media Manager
IMA
<maskemail>morgan.delrio@...</maskemail>

Original Message:
Sent: 07-27-2018 12:52 PM
From: Morgan Del Rio
Subject: CMA Pop Quiz - Q&A 242

CMA Exam Part 1

What would be the correct chronological order of preparation for the following budgets?

I. Cost of goods sold budget.
II. Production budget.
III. Purchases budget.
IV. Administrative budget.

a. I, II, III, IV.
b. III, II, IV, I.
C. IV, II, III, I.
d. II, III, I, IV.

------------------------------
Morgan Del Rio
Marketing and Social Media Manager
IMA
<maskemail>morgan.delrio@...</maskemail>
------------------------------

answer is option D

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Razvin Ali Poochengal
Pallikkal
India
------------------------------

Original Message:
Sent: 07-27-2018 12:52 PM
From: Morgan Del Rio
Subject: CMA Pop Quiz - Q&A 242

CMA Exam Part 1

What would be the correct chronological order of preparation for the following budgets?

I. Cost of goods sold budget.
II. Production budget.
III. Purchases budget.
IV. Administrative budget.

a. I, II, III, IV.
b. III, II, IV, I.
C. IV, II, III, I.
d. II, III, I, IV.

------------------------------
Morgan Del Rio
Marketing and Social Media Manager
IMA
<maskemail>morgan.delrio@...</maskemail>
------------------------------