Budget slack is most likely to occur when: A. There is no budget participation by managers. B. The operating environment is stable and easy to predict. C. Rewards are not linked to meeting budget targets. D. The cost of direct materials is higher than direct labour costs. E. Budget targets set by management are difficult to achieve. 'hich of the following information is NOT required when calculating the total cash receipts for an annual cash budget? A. The proportion of customer payments that are paid on credit. B. The proportion of customer payments that is collected in the same month. C. Hourly wages paid to casual workers. D. Discounts offer to customers who pay cash. E. Proceeds from sales of an old equipment. Beagle Beds buys dog beds from wholesalers and sells them to the public. A flexible budget revealed a favourable purchasing variance of $20,000 in the first quarter. Which of the following could be a reason for this result? A. Beagle Beds received a higher price for its dog beds than planned B. Beagle Beds sold more dog beds than planned C. Beagle Beds bought less dog beds than planned D. The purchasing manager negotiated a discount from the wholesaler E. The purchasing manager arranged to delay some of the payment for first quarter purchases until quarter two