Question 5 1 pts The direct materials budget is prepared using which budget's information? production budget raw materials budget cash receipts budget cash payments budget Question 6 1 pts Which of the following statements is not correct? The direct materials budget begins with the sales estimated for each period. The sales budget is typically the first budget prepared. The production budget begins with the sales estimated for each period. The sales budget is computed by multiplying estimated sales by the sales price. Question 9 1 pts Which budget evaluates the results of operations at the actual level of activity? flexible budget static budget cash budget capital budget