11. Which of the followine best describes an operating budget? a. An estimate of cash expenditures for long-term assets. b. A short-term budget that focuses on the daily operations of the organization. e. A series of budget schedules outlining the organization's plans for the next three years. d. An estimate of all operating costs other than production. e. None of the answer choices is correct ab caps lock 12. An operating budget is used to communicate plans to: a. Customers. b. Employees. c. Shareholders, d. Suppliers. e. All of the answer choices are correct. 13. In the budgeting process, the dollar amount for goods sold during the month but not collected is called a. accounts receivable. b. inventory. e. accounts payable. d cash. e. None of the answer choices is correct. ELITEE 14. What is the correct order in which the following budget schedules are prepared? 1. Direct materials purchases 2. Production 3. Direct labor 4. Sales 5. Manufacturing overhead a. 2.1.5,3,4 b. 4,2,1,3,5 c. 2,3,1,4,5 d. 4,1,5,3,2 e. None of the answer choices is correct. cribes a production budget? es projections plus an estimate of desired ending finished goods nished goods inventory.. on costs, other than direct materials, necessary to achieve a desired level daily operations of the organization anization's plans for the upcoming period