5. Orange Corporation has budgeted sales of 23,000 units, targeted ending finished goods inventory of 9,000 units, and beginning finished goods inventory of 6,000 units. How many units should be produced next year? A. 38,000 units 32,000 units 26,000 units D 23,000 units B 6. A static(master) budget is A. a budget which starts from a zero base B. developed at the end of a period C. based on the level of planned output at the start of the budget period D. a type of flexible budget once actual results are known 7. Wolfe Company sells a product for $50. Budgeted sales for the first quarter of 20x1 are as follows: January $1,000,000 February 1,200,000 March 1,300,000 The company collects 50% in the month of sale, 20% in the following month, and 10% two months after the sale. Ten percent of all sales are uncollectible and are written off. Budgeted cash receipts for March are A. $ 780,000 $1,020,000 C. $1,220,000 $1,120,000 B. D