- Part of a master budget that is prepared first . y use this to see if you have enough money to pay your debts - the financial statements of this budget cannot be used for a tax return - 7 unaffected by the level of production A. master budget B. cash budget C. sales budget D. fixed costs QUESTION 2 Find the best match - $10,000 sales will increase by 5% Next month's budgeted sales are 10,000. Ending inventory should be 20% - Budgeted sales were $10,000. Actual were $9000. A. $1000 unfavorable variance B. $9200 C. $10,500 D. 2000 - Cash collections are 40% of last month's sales and 60% of this month's. Last month was $8000 & this month $10,000. Direct materials were $3 per unit, Direct labor was $2 per unit, variable overhead was $1. Fixed costs were $1000. On a piece of scrap paper do a flexible budget for 1000 and 1500 units. A. $10,000 - Budgeted variable overhead for 1000 units is B. some other number - Total cost for 1000 units is C. $7000 - Total costs for 1500 units is D. 1000 - Direct labor for 1500 units is E. $3000 QUESTION 4 Find the best match - details future plans for the acquisition of assets - V details inflow and outflow of cash . deals with the investing activities of the company . y cash payments from customers will be used in this budget A. cash budget B.capital budget