QUESTION 1 Use the following information for questions 1-7 Sneezy Medical constructed its budget based on the following assumptions: . Sales and production of 100,000 units. *Selling price of $8 per unit. . Direct materials purchases of 200,000 gallons at $2 per gallon. Each unit produced requires one gallon of direct materials. . Direct labor of $1 per unit. .Fixed overhead costs of $200,000, including $50,000 of depreciation. Variable SG&A costs of $4 per unit. .Fixed SG&A costs of $50,000 (no depreciation). No beginning direct material or finished goods inventories .Capital expenditures of $80,000 Actual sales and production during the month were 120,000 units. What is budgeted revenue? QUESTION 2 What are total budgeted product costs? QUESTION 3 If the beginning cash balance was $500,000, what is the budgeted ending cash balance? QUESTION 4 Compared to the beginning balance, the budgeted ending balance of direct materials is: HIGHER LOWER THE SAME NOT ENOUGH INFORMATION QUESTION 5 Compared to the beginning balance, the budgeted ending balance of property, plant, and equipment (PP&E) is HIGHER LOWER THE SAME NOT ENOUGH INFORMATION QUESTION 6 Compared to the beginning balance, the budgeted ending balance of retained earnings is HIGHER LOWER THE SAME NOT ENOUGH INFORMATION QUESTION 7 Compared to the budgeted sales of 100,000 units, units sold under the flexible budget would be HIGHER LOWER THE SAME NOT ENOUGH INFORMATION