Service companies tend to have more budget schedules than manufacturing companies. True False An operating budget is used to communications plans to: Customers Employees Shareholders Suppliers All of the answer choices are correct. The usual starting point in budgeting is the sales budget. True False All of the following items can appear on the cash collections and cash payments budget ex-cept. Direct labor Depreciation expense Selling and administrative Direct materials None of the choices are correct. What is the correct order in which the following budget schedules are prepared? Direct materials purchases - 1 Production - 2 Direct labor - 3 Sales - 4 manufacturing overhead - 5 1, 1, 5, 3, 4 4, 2, 1, 3, 5 2, 3, 1, 4, 5 4, 1, 5, 3, 2