The following statements relate to the application of feedback and feedforward control: Feedback and...
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Accounting
The following statements relate to the application of feedback and feedforward control:
Feedback and feedforward are both applied in budgetary planning and control
Feedback is used in the analysis of variance
Feedforward enables budgeted data for a period to be amended for the next period.
Feedforward relates to the setting of performance standards
Which of the above statement are true?
A.1 and 2 only
B.3 and 4 only
C.1,2 and 4 only
D.1,3 and 4 only
A manufacturing company makes and sells a single product. The sales budget for the year is
8 000 units. Each unit of the product requires 1.2kg of raw materials. The company has budgeted to reduce inventory levels of finished goods from 2 000 units at the start of the year to 1 500 units at the end of the year, but it plans to increase inventory levels of the raw material from 1 500kg to 2 400kg.
What will be the budgeted purchase of raw materials for the year?
8 100kg
8 300kg
9 900kg
10 200 kg
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