budgeted sales in units to the desired ending inventory in units and deducting the beginning inventory in units from this total. e. none of these is correct The term "cost of capital" refers to: Select one: O a. a negative net present value b. a positive net present value O c. the required minimum rate of return d. a net present value equal to zero e, none of these is correct A static budget is: MacBook Air d. a net present value equal to zero e. none of these is correct A static budget is: Select one: O a. compared to a flexible budget in a budget report b. the best tool to evaluate a manager's effectiveness in controlling costs O c. a projection of budget data at a single level of activity O d. a projection of budget data at several levels of activity e, none of these is correct At 8,000 direct labor hours, the flexible budget for indirect materials is $32,000. If $33,800 of actual MacBook Air o d. a projection of budget data at several levels of activity e, none of these is correct At 8,000 direct labor hours, the flexible budget for indirect materials is $32,000. If $33,800 of actual indirect materials costs are incurred at 8,200 direct labor hours, the flexible budget report would show the following: Select one: O a. $1,000 F b. $1,000 U c. $1,800 F d. $1,800 U e, none of these is correct MacBook Air