The flow of input data for budgeting should be from the highest levels of responsibility to the lowest. Question 3 options: True False Question 4 (1 point) Listen The direct materials budget must be completed before the production budget because the quantity of materials available for production must be known. Question 4 options: True False Question 5 (1 point) Listen Which of the following is not a financial budget? Question 5 options: Cash budget Budgeted balance sheet Capital expenditure budget Manufacturing overhead budget Question 6 (1 point) Listen The financial budgets include the Question 6 options: budgeted balance sheet and the budgeted income statement. cash budget and the production budget. cash budget and the budgeted balance sheet. cash budget and the selling and administrative expense budget