9. The second budget to be prepared is usually the cost of goods sold budget. a. True b. False 10. Which of the following budgets provides the starting point for the preparation of the direct labor cost budget? a. Direct materials purchases budget b. Cash budget c Production budget d. Sales budget 11. The production budgets are used to prepare which of the following budgets?| a. Operating expenses b. Direct materials purchases, direct labor cost, factory overhead cost c Sales in dollars d. Sales in units 12. The first budget customarily prepared as part of an entity's master budget is the: a. production budget b. cash budget c. sales budget d. direct materials purchases 13. Which of the following budgets is not directly associated with the production budget? a. Direct materials purchases budget b. Factory overhead cost budget c Capital Expenditures budget d. Direct labor cost budget 14. Supervisor salaries and indirect factory wages would normally appear in the factory overhead budget. a. True b. False 15. The Budgeted Balance Sheet does not incorporate the financial and operational budgets of a company. a. True b. False 16. Rubber and steel belts costs would normally appear in the direct materials budget of a tires manufacturing company. a. True b. False 17. The sales budget is used to prepare which of the following budgets? a. Operating expenses c. Direct materials budget b. Production budget d. Direct labor budget