Practice Question 02 The primary benefits of budgeting include all of the following except it motivates personnel throughout the organization provides definite objectives for evaluating performance. creates an early warning system for potential problems. O requires only top management to plan ahead and formalize goals. Practice Question 11 Long-range planning usually encompasses a period of at least two years. at least five years. a quarter. a year. Practice Question 16 In the direct materials budget, the quantity of direct materials to be purchased is computed by adding direct materials required for production to desired ending direct materials less beginning direct materials. beginning direct materials. O desired ending direct materials. beginning direct materials less desired ending direct materials