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Answer questions 1-4 for maangerial accounting: Stanley is currently putting together its 2024 budgets. The following chart shows the budgeted stainless steel tumbler sales in

Answer questions 1-4 for maangerial accounting:

image text in transcribed Stanley is currently putting together its 2024 budgets. The following chart shows the budgeted stainless steel tumbler sales in 2024 : Quarter Unit Sales Q1 500,000 Q2 490,000 Q3 510,000 Q4 550,000 Calculate the Q2 and Q3 production budgets in units. (Round to the nearest whole amount. Do not round intermediate steps) Q2: 497,500 units; Q3: 495,000 units Q2: 477,600 units; Q3: 470,500 units Q2: 490,000 units; Q3: 510,000 units Q2: 495,000 units; Q3: 520,000 units None of the above Question 2 How much is the budgeted soles revenue for August? (Round intermediate calculations up to the nearest whole unit.) $2,098,140 $1,870,000 $2,262,700 $2,057,000 Not enough information provided. Question 3 Month Sales January $5,250,000 February $5,500,000 March $5,550,000 Assume 60% of sales are on account and the other 40% are cash sales. What is the budgeted amount for cash collections from customers (cash and on account) in February? (Round to the nearest whole dollar amount. Do not round intermediate steps.) Question 4 Which of the following is true regarding the use of budgets: A flexible budget is more appropriate for use in evaluating the purchasing manager when actual sales are greater than budgeted sales. A static budget is appropriate to evaluate a manager's effectiveness in controlling fixed costs. A static budget is appropriate to evaluate a manager's effectiveness in controlling costs when the actual level of activity closely approximates the master budget activity level. All of the above are true. None of the above are true

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