For the month of June your bakery was budgeted to make 11,000 loaves of bread using $1,320 of flour. In June you actually produced 12,500 loaves of bread using $1,625 of flour. For June, what was the flexible budget variance for flour? $275F $275U $125U $125F As discussed in class, the final step in the Budgeting process is implementing "Benchmarking" practices none of the listed answers are correct Oreviewing the previous year's budget combining the Sales, Production and Service Departments' budget into one document known as the 'Master Budget" Which of the following is the 1st step in the budgeting process accessing the maintenance department's goals I setting the production department's budget setting the service departments' budgets none of the listed answers are correct Question 34 (2 points) Saved On the first day of his new business Joel. ......... invests $15,500 of his own money into the business; takes out a bank loan for another $5,000; and buys a $20,000 used car with the funds. According to the "Accounting Equation", assets for this new business at the end of the first day total none of the listed answers are correct $20,500 $500