A flexible budget is a. A static budget. b. A budget that includes costs for several levels of production c A master budget d. A budget for a single level of production. A materials slip showed that direct materials requested were exist20,000 and storeroom into production is: indirect materials requested were exist4,000. The entry to record the transfer of materials from the into production is: Which of the following budgets is completed first? a. sales b. production c cash d direct materials purchases Which types of inventories does a manufacturing business report on its balance sheet? a Raw materials inventory, goods (WIP) in process inventory, and finished goods inventory b Raw materials inventory and finished goods inventory c. Raw materials inventory and goods (WIP) in process inventory d Finished goods inventory and goods (WIP) in process inventory