Question 12 A master budget consists of O all the accounting journals and ledgers used by a company. O an interrelated long-term plan and operating budgets. O financial budgets and a long-term plan. O interrelated financial budgets and operating budgets. r Question 7 The cost-plus pricing approach's major advantage is O it is simple to compute. O it can be used to determine a product's target cost. O it considers customer demand. O that sales volume has no effect on per unit costs. 5 Question 4 In time-and-material pricing, a material loading charge covers all of the following except! O purchasing costs. O related overhead. O desired profit margin. O all of these are covered