Explanation not necessary Which budget evaluates the results of operations at the actual level of activity? A. static budget B. flexible budget C. cash budget D. capital budget Which is not a section of the cash budget? A cash disbursements B. allowance for uncollectible accounts C. financing needs D. cash receipts The direct materials budget is prepared using which budget's information? A. cash receipts budget B. raw materials budget C. production budget D. cash payments budget Which budget is the starting point in preparing financial budgets? A. the budgeted balance sheet B. the cash receipts budget C. the budgeted income statement D. the capital expense budget Under variable costing, a unit of product includes which costs? A. direct material, direct labor, and manufacturing overhead B. direct material, direct labor, and all variable manufacturing overhead C. direct material, direct labor, and fixed manufacturing overhead D. direct material, direct labor, and variable manufacturing overhead