26 Lyle, les chevenge per un peu what is the margin of safety for the month SO $120.000 5210.200 None of the above 27. The following information is available for Mathews Company $150,000 $550.000 Cost of goods sold Total fled expenses 360,000 390.000 Total variable expenses A CVP Income statement would report a gross profit of $160,000 b contribution margin of $400,000 cross profit of $190,000 d. contribution margin of $190,000 28. T F The master budget consists of operating and financial budgets 29. Why are budgets useful in the planning proces? They provide management with information about the company's past performance b They help communicate goals and provide a basis for evaluation c. They guarantee the company will be profitable if it meets its objectives d. They enable the budget committee to earn their paycheck. 30. The financial budgets include the cash budget and the selling and administrative expense budget. b. cash budget and the budgeted balance sheet. c. budgeted balance sheet and the budgeted income statement. d. cash budget and the production budget. 31. The operating budgets end with the a. budgeted balance sheet. b. production budget c. cash budget. d. budgeted income statement. 32. The following information is taken from the production budget for the first quarter: Beginning inventory in units 1,800 Sales budgeted for the quarter 684,000 How many finished goods units should be produced during the quarter if the company desires 4,800 units available to start the next quarter? a. 687,000 b. 681,000 c. 711,000 d. 688,800