Morgan Company manufactures and sell cameras for $500 each. If sales in May wore 2.000 units, and monagement forecasts grown in unses wach month, then total budgeted sales for June are $1,080.000 True False Gard Company has $40,000 cash at the beginning of March and budgets $150,000 in cash receipts from sales and $200,500 in cash payments during March. The company's preliminary cash balance is: Multiple Choice ${10,500) 5/50, 500) $110.000 $190.000 $10.500 The master budgeting process begins with the: Multiple Choice Factory overhead budget. Production budget. Sales budget Direct labor budget. O Direct materials budget