Production budgets are used to prepare which of the following budgets? a. sales in dollars b. sales in units c. direct materials purchases, direct labor cost, factory overhead cost d. capital expenditures budget company for Year 1 are as follows: January 1 finished goods, $980,000; December 31 finisherd oods, $470,000, cost of goods sold for the year, $2,560,000. The budgeted costs of goods manufactured for the year is a. $3,050,000. b. $2,050,000. . $2,090,000. d.$3,070,000 The budgeted finished goods inventory and cost of goods sold for a manufacturing company for the year finished goods, $540,000; cost of goods sold for the year, $2,560,000. The budgeted cost of goods manufactured for the year is 20Y7 are as follows: January 1 finished goods, $765,000; December 31 a. $2,785,000 b. $3,100,000. C$1,255,000 d.$2,335,000. The budget process involves doing all of the following except 0 a, periodically comparing actual results with the goals. b. not giving raises to all managers who fail to achieve operational goals specified in the budget. c. establishing specific goals d.executing plans to achieve the goals. The method of developing budget estimates that requires managers to estimate sales, production, and other operating data as though operations are being started for the first time is budgeting a. zero-based b. master O c. flexible When management seeks to achieve personal departmental objectives that may work to the detriment of the entire company, the manager is experiencing a. goal conflict. b. cushions. c. budgetary slack. d, padding. The budgeted income statement includes estimates for a. other income. Ob. income tax expense c. other expenses. d. All of these choices are correct