1 Question 5: Critical Thinking (12 marks) Nm What budget is the start of the budgeting process and why? (2 marks) List and describe two benefits of budgeting: (2 marks) 8 9 What is the effect on the company if management underestimates unit sales in the sales budget? How would this impact inventory? (3 mark 10 11 12 What if sales are overestimated in the sales budget? Could this negatively affect the company? How would this impact inventory? (3 martes) 13 14 Name one managerial accounting concept that you learned about this semester that you think you could apply to your current job and/or 15 your future career. Why/how could you use the concept? (2 marks) 16 17 END OELECTIE