Question1 Match the following statements to the appropriate terms A selection of strategies to achieve long-term goals. An estimate of expected sales for the budget period. Budgets that indicate the cash resources needed for expected operations and planned capital expenditures. The projection of potential sales for the industry and the company's expected share of such sales. Management's plans expressed in financial terms for a specified future time period. A projection of anticipated cash flows. A group responsible for coordinating the preparation of the budget. A projection of production requirements to meet expected sales. A set of interrelated budgets that constitute a plan of action for a specified time period An estimate of the quantity and cost of direct materials to be purchased. Brief Exercise 22-08 Ivanhoe Company has a unit selling price of $690, variable costs per unit of $490, and fixed costs of $303,200. Compute the break-even point in units using (a) the mathematical equation and (b) unit contribution margin. (a) Mathematical Equation (b) Unit contribution margin Break-even point units units LINK TO TEXT