pter 20 Master Budgets.and Performance Planning and 20 Form The most useful budget figures are developed 39 A. solely by the budget committee B. from the "top-down" C. from the "bottom-up" D. by the CEO nsert The master budgeting process typically begins with the 40 A. sales budget B. production budget C. cash budget and budgeted income statement and balance sheet D. capital expenditures budget 41 Which of the following are operating budgets for a manufacturer? A. Sales, production, direct materials, direct labor, and factory overhead B. Cash budget C. Capital expenditures budget D. Budgeted balance sheet and budgeted income statement 42, Current sales are 10,000 units at $20 per unit. Selling price will remain the same, but the company expects sales in units to increase 20 %. Budgeted sales in dollars is A. $400,000 B. $240,000 C. $200,000 D. $160,000 A manufacturing company reports the following data needed to prepare a production budget 43. 400 units Predicted sales for May..... Predicted sales for June.. Beginning inventory for May.. Desired ending inventory..... 500 units 100 units 30% of next month's predicted unit sales What is the company's budgeted production in units for May? A. 650 B. 450 C. 350 D. 150 inventory is 100 pounds at the beginning of June. Each unit requires one (1) pound of raw material, priced at $4 per pound. The company plans to end each month with an ending inventory of materials equal to 10% of the next month's budgeted materials requirements. Budgeted direct materials purchases for June are A. $2,200 B. $1,800 C. $1,400 D. $1,000 A manufacturing company budgets production of 400 units for June and 500 for July. Raw materials 44 to produce 400 units in June, 500 units in July, and 600 units in August Tate is $15 per hour. The budgeted direm