ACC 561 Final Exam 4 with Answers

1. ......... models are mathematical models of the master budget that can react to any set of assumption about sales, costs, and product mix. 2. A sales forecast is .......... 3. A ...........gives the expected sales under a given set of conditions. 4. A ..........gives the expected sales under a given set of conditions. 5. .........need cost accounting systems. 6. ...........probably would not be used as a measure of activity in a flexible budget. 7. ...........are components of a mast...