1. Which type of budgeting utilizes employees at all levels of the company? 2. Hang 12 manufactures surfboards. During the upcoming quarter, it expects to sell 3,800 surfboards, after which it plans to have 500 surfboards remaining on inventory. If it currently has 200 surfboards on hand how many will they have to produce for the upcoming quarter? 3. Fallgatter Inc. expects to sell 17,500 units. Each unit requires 3 pounds of direct materials at $12 per pound and 2 direct labor hours at #10 per direct labor hour. The overhead rate is $8 per direct labor hour. The beginning inventories are as follows: direct materials, 2,000 pounds; finished goods 2,500 units. The planned ending inventories are as follows: direct materials, 5,600 pounds; finished goods 3,000 unites. What is the planned production? 3. In the development of a cash budget, which of the following elements must be determined first? 4. What is standard costing? 5. standard unit costs generally include what? 6. When is a flexible budget most useful? 7. A favorable fixed overhead volume variance for manufacturing company could indicate what? 8. What is the total fixed overhead variance comprised of