The budgeted year-end Accounts Payable balance, which must be entered on the pro-forma balance sheet can be found on which budget? (a) Cash Payments for Materials Budget (b) Cash Receipts Budget (c) Purchases of Direct Materials Budget (d) Cash Budget The flexible budget variance is influenced most heavily by forces external to the operating process. True False A flexible budget is a budget based on the budgeted sales volume at the beginning of the period True I False