4 Which of the following is not completed before a cash budget is prepared? 01:56:39 Multiple Choice Ask Capital expenditures budget. Sales budget. Merchandise purchases budget. General and administrative expense budget. Budgeted income statement. 6 The following information describes a company's usage of direct labor in a recent period. The direct labor efficiency variance is: Actual hours used Actual rate per hour Standard rate per hour 01:55:57 Standard hours for units produced Ask Multiple Choice $29,000 unfavorable. $29,000 favorable. $22,500 unfavorable. $52,500 favorable. $52,500 unfavorable. 45,000 $ 15.00 $ 14.50 47,000