Help 1-3

1. All the following are benefits of participative budgeting, except A Individuals at all organizational levels are recognized as being part of a team; this results in greater support for the organization. B. The budget estimates are prepared by those in directly involved in activities. C. When managers set their own targets for the budget, top management need not be concerned with the overall profitability of operations. D. Managers are held responsible for reaching their goals and cannot easily shift responsibility by blaming unrealistic goals set by others. 2. The direct labor budget is based on: A. the desired ending inventory of finished goods. B. the beginning inventory of finished goods. C. the required production for the period. D. the required materials purchases for the period. 3. A corporation's sales are collected as follows: 70% in the month of sale, 25% in the month following sale, and 5% in the second month following sale. The following are budgeted sales data for the company: April January February March $600,000 $700,000 $500.000 $300,000 Total sales Total budgeted cash collections in April would be: A. $35,000 8. $125,000 C. $210,000 D. $370,000