7-11 answers?

7 A continuous or perpetual budget is a budget that almost never nceds to be revised. A) True B) False 8) Which of the following represents the normal sequence in which the below budgets are prepared? A) Budgeted Balance Sheet, Sales Budget, Budgeted Income Statement B) Sales Budget, Budgeted Income Statement, Budgeted Balance Sheet G) Budgeted Income Statement, Sales Budget, Budgeted Balance Sheet D) Sales Budget, Budgeted Balance Sheet, Budgeted Income Statement 9) Duarte Corporation processes sugar beets that it purchases from farmers. Sugar beets are processed in batches. A batch of sugar beets costs $31 to buy from farmers and $15 to crush in the company's plant. Two intermediate products, beet fiber and beet juice, emerge from the crushing process. The beet fiber can be sold as is for $27 or processed further for $14 to make the end product industrial fiber that is sold for $44. The beet juice can be sold as is for $32 or processed further for $29 to mak the end product refined sugar that is sold for $50. Which of the intermediate products should be processed further? A) beet fiber should NOT be processed into industrial fiber; beet juice should be processed into B) beet fiber should NOT be processed into industrial fiber, beet juice should NOT be processed c) beet fiber should be processed into industrial fiber; beet juice should be processed into refined D) beet fiber should be processed into industrial fiber; beet juice should NOT be processed into refined sugar into refined sugar sugar refined sugar 10) Fab Manufacturing Corporation manufactures and sells stainless steel coffee mugs. Expected mug sales at Fab (in units) for the next three months are as follows: October November December Budgeted unit sales 28,000 25,000 31,000 Fab likes to maintain a finished goods inventory equal to 30% of the next month's estimated sales. How many mugs should Fab plan on producing during the month of November? A) 23,200 mugs B) 25,900 mugs C) 26,800 mugs D) 34,300 mugs 11) On a cash budget, the total amount of budgeted cash payments for manufacturing overhead should not include any amounts for depreciation on factory equipment. A) True B) False