Assume the sales budget for April and May is 46,000 units and 48,000 units, respectively. The production budget for the same two months is 43.000 units and 44,000 units respectively Each unit of finished goods required 4 pounds of raw materials. The company always maintains raw materials inventory equal to 25% of the following months production needs. How many pounds of raw material need to be purchased in April? Multiple Choice 17,000 O 15,000 172.500 196.900 Which of the following statements is false with respect to the sales budget including a schedule of expected cash collection Multiple Choice Estimaning cash collection also erables margers to estimate accounts receivable on the balance sheet Although the estimated amount of sales and cash collections may differ from one another on a month to monitor quarterly basis, these two estimates must equal each other on an annual basis Estimating cash collection plays a role as preparing a cach budget O fatimating sales mimately impacts me estimated ending retained cons on the balance sheet