QUESTION 9 Which of the following would be the correct order for preparing the following budget schedules? A. Production, Sales, Direct Materials budgets. B. Direct Materials, Sales, Production budgets. C. Sales, Direct Materials, Production budgets. D. Sales, Production, Direct Materials budgets.

QUESTION 12 A basic idea underlying _________________ is that a manager should be held responsible only for those items that the manager can actually control to a significant extent. A. participative budgeting B. planning and control C. responsibility accounting D. the master budget