Question 21 (2 points) A company wonders whether it will be able to pay dividends to shareholders next year. Which budget includes budgeted dividends? Budgeted Income Statement Budgeted Balance Sheet Selling and Administrative Budget Cash Budget Question 22 (2 points) Budgeted capital expenditures appear in The administrative expense section of the pro forma income statement. The long term asset section of the pro forma balance sheet The investing section of the pro forma statement of cash flows The financing section of the pro forma statement of cash flows Sund Question 31 (2 points) In a flexible budget, the wages and salaries costs had an unfavorable total variance and a favorable activity variance. Which of the following is true? The spending variance for wages and salaries is unfavorable. The activity level of the company was above the planned activity level. The spending variance for wages and salaries is favorable. The spending variance for total expenses is unfavorable. Question 32 (2 points) A favorable spending variance indicates that The company had higher net operating income than it planned. The company had greater sales volume than it expected. The company had a savings in an expense category that increased net opera income. The actual expense was less than the expense on the static budget