15) Which of the following is not a benefit of budgeting? 15) A) It serves an important role in motivating and rewarding employees B) It builds organizational slack C) It plays an important role in communication within the organization. D) It forces managers to look to the future. 16) Which of the following budgets shows how many units will be produced each period? 16) A) Direct labor budget C) Sales budget B) Production budget D) Direct materials budget 17) Which of the following sequences is correct? A) Inventory budget-production budget - sales budget -selling and administrative budget B) Sales budget-production budget - direct materials budget- budgeted income C) Budgeted income statement-direct materials budget- production budget - sales D) Cash receipts budget - sales budget -production budget - budgeted income statement budget statement 18) Parker Corp., which operates on a calendar year, expects to sell 4,000 units in October, 18) and expects sales to increase 20% each month thereafter. Sales price is expected to stay constant at $8 per unit. What are budgeted revenues for the fourth quarter? A) $115,200 B) $96,000 C) $116,480 D) $32,000 19) Meadow Company produces hand tools. A sales budget for the next four months is as 19) follows: March 10,000 units, April 13,000, May 16,000 and June 21,000. Meadow Company's ending finished goods inventory policy is 10% of the following month's sales. March 1 beginning inventory is projected to be 1,400 units. How many units will be produced in March? A) 10,000 B) 13,000 C) 10,100 D) 9,900 20) The standard labor rate is: A) the amount of time that workers should take to produce a single unit of product. B) the expected hourly cost of labor, excluding employee taxes and benefits. C) the amount of time that workers should take to produce a single unit of product times the expected hourly cost of labor. D) the expected hourly cost of labor, including employee taxes and benefits