B. master budget Cfinancial budget D. production budget budget. 18. The direct materials budget is prepared using information from the A. cash B. master C. capital expenditure D. production 19. Which of the following statements is true of the operating budget? A. It is a part of the financial budget. B. It includes the capital expenditures budget. C. It includes the sales budget. D. Its final component is the cash budget. 20. In the budgeted statement of cash flows, all cash receipts and payments are categorized into operating, financing, anda A. investing B. merchandising C. budgeting D. controlling 21. Manhattan Enterprises manufactures cookware sets and sells the sets to department stores. Manhattan expects to sell 2,400 cookware sets for $200 each in April and 3,500 cookware sets for $215 each in May. Sales are 15% cash and 85% on account. Compute the total budgeted sales for May. A. $752,500 B. $480,000 C. $112,875 D. $9,594,375 22. When preparing the budgeted balance sheet of a merchandising company, the amount of Merchandise Inventory can be obtained from the A. merchandise inventory account B. inventory, purchases, and cost of goods sold budget C. production budget D. capital expenditure budget and cash budget