The budget which provides data on the quantities of direct materials purchases necessary to meet production needs is the: a. direct materials purchases budget b. sales budget c. production budget d. direct labor cost budget This budget summarizes future plans for acquisition of plant facilities and equipment. a. budgeted balance sheet b. production budget c. cash budget d. capital expenditures budget A series of budgets for varying rates of activity is termed: a. variable budget b. continuous budget c. flexible budget d. zero-base budget Jones Company has budgeted 200, 000 units of production for 20xx, desires ending inventory of 20% production, and estimates beginning inventory of 10, 000 units. If the estimated price of direct materials items $5 per unit the budgeted direct materials purchases for 20xx is: a. $ 230, 000 b. $850, 000 c. $1, 150, 000 d. $1, 200, 000 Which of the following budgets provides the starting point for the preparation of the direct materials purchase budget? a. direct labor cost budget b. cash budget c. production budget d. cost of goods sold budget