12. The operating budgets of a company include a. The cash budget. The capital expenditures budget The financing budget The production budget b. 13. If the expected sales volume for the current period is 7,000 units, the desired ending inventory is 200 units, and the beginning inventory is 300 units, the number of units set forth in the production budget, representing total production for the current period, is: 6,900. 7,000. 7,100. 7,200. a. b. c. d. 14. The budget that summarizes future plans for the acquisition of fixed assets is the: a. Capital expenditures budget. b. Production budget. c. Sales budget. d. Direct materials purchases budget. For February, sales revenue is $700,000; sales commissions are 5% of sales; the sales manager's salary is $64,900; advertising expenses are $70,000, shipping expenses total 2% of sales; and miscellaneous selling expenses are $2,100 plus of 1% of sales. Total selling expenses for the month of February are: a. $185,650. b. $189,500. 15. c. $230,600. d. $296,100