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6. The single most important output in preparing financial budgets is the a sales forecast b. determination of the unit cost of the product. c

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6. The single most important output in preparing financial budgets is the a sales forecast b. determination of the unit cost of the product. c cash budget d budgeted income statement. 7. Budgeting allows a service firm to a hire professional staff to perform the budgeting work. b. coordinate professional staff needs with anticipated services. c classify all personnel as either variable or fixed. d budget expenditures before anticipated receipts. 8. Incremental analysis should be used for: a the acceptance of an order at a special price. b. a retain or replace equipment decision. ca sell or process further decision. d all of these answers are correct. 9. Which one of the following sections would not appear on a cash budget? a Cash receipts b. Financing C Investing d Cash disbursements 10. The final step when preparing operating budgets is the a budgeted balance sheet. b. production budget. c cash budget. d budgeted income statement

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