Please answer the following multiple-choice questions:

1.What is the basis for the entire budget?

1)sales/revenue forecast.

2)income statement budget.

3)cash budget.

4) balance sheet forecast.

2.What knowledge best assists development of the operating expense budget?

1) cost behavior patterns.

2) relevant range.

3) prior period actual expenses.

4) current period budget amounts.

3.What two pieces of data are used to develop standard costs?

1)the quantity of input and the cost per unit of input.

2)the quality of input and the cost per unit of input.

3)the quantity of input and the cost per unit of output.

4)the quality of input and the cost per unit of output.

4.What is the best rule to use by management when determining the variances to investigate?

1)Investigate unfavorable variances only.

2)Investigate favorable variances only.

3)Investigate if the variance is significant.

4)Investigate all variances.

5.The impact of a project that generates a rate of return that is higher that the company's cost of capital is a/an:

1)increase ROI.

2)decrease ROI.

3)increase payback.

4)decrease payback.

Please show work on the following questions:

6.Natel Corporation produces gaskets. Each gasket requires three different raw materials (#1, #2 and #3).The gasket manufacturing process also requires work from two different labor groups (#1 and #2). Natel uses direct labor hours as the basis to apply overhead.

Natel has determined the following standards for the gasket production:

Raw material #1 50 lbs. @ $6.50f1b Raw material #2 24 ft. @ $4.75K: Raw material #3 1 container @ $16.00 Labor your; #1 3 hrs @ $213.00th Labor group #2 1.5 hrs @ $3000th Manufacturing overhead $20.00,\"th Please answer the following multiple-choice questions: 1. What is the basis for the entire budget? 1) sales/revenue forecast. 2) income statement budget. 3) cash budget. 4) balance sheet forecast. 2. What knowledge best assists development of the operating expense budget? 1) cost behavior patterns. 2) relevant range. 3) prior period actual expenses. 4) current period budget amounts. 3. What two pieces of data are used to develop standard costs? 1) the quantity of input and the cost per unit of input. 2) the quality of input and the cost per unit of input. 3) the quantity of input and the cost per unit of output. 4) the quality of input and the cost per unit of output. 4. What is the best rule to use by management when determining the variances to investigate? 1) Investigate unfavorable variances only. 2) Investigate favorable variances only. 3) Investigate if the variance is significant. 4) Investigate all variances. 5. The impact of a project that generates a rate of return that is higher that the company's cost of capital is a/an: 1) increase ROI. 2) decrease ROI. 3) increase payback. 4) decrease payback. Please show work on the following questions: 6. Natel Corporation produces gaskets. Each gasket requires three different raw materials (#1, #2 and #3). The gasket manufacturing process also requires work from two different labor groups (#1 and #2). Natel uses direct labor hours as the basis to apply overhead. Natel has determined the following standards for the gasket production: a) How much would the standard cost be to produce 400 gaskets? 7. What are the two primary ways a project can be funded? How does the funding cost impact the required return on the project's investment