Question 20 Fill in the blanks: 1. Budgeting is a tool for and 2. The cash budget contains four major sections. They are the section, the section, the section, and the section. 3. The direct materials purchases budget is a budget of the expected usage of.. in production and the ..............of the direct materials required Cash budgets should NOT include noncash charges such as depreciation: (a) true (b)false 5. Cash budgets are prepared on a short-term basis such as on a monthly, quarterly, or even weekly basis: (a) true (b) false. Operating budgets would NOT include cash budgets: (a) true (b) false 6. 7. Theshows the expected operating results for the budgeting year while the shows the expected financial condition at the end of budgeting period. 8. The idea behind preparing cash budgets is to avoid unnecessary cash and 9. The budgeted balance sheet serves as a final check on the.of all the other budgets management might wish to avoid. 10. ....is so named because budgeting starts from scratch