The Green Company manufactures small lamps and desk lamps. The following shows the activities required to produce a batch of small lamps (4000 units) and a batch of desk lamps (4000 units): Setups Inspections Small lamps 4,000 15,000 Desk lamps 16,000 7,000 Using the following information prepared by the Bonnington Company. determine the total factory overhead to be charged to small lamps. Activity Pool Activity Base Budgeted Amount Setups 20,000 setups $ 80,000 Inspections 22,000 inspections $132.000 $100,000 $106.000 $102,000 5122,000 Which of the following is required to prepare the production budget? direct materials needed for production direct labor needed for production both direct materials and direct labor needed for production expeted unit sales Which of the following is not an accurate statement regarding budgeting? Budgeting forces managers to plan for the future. Budgeting provides information for decision making. Budgeting ensures that the most accurate product costing methods will be applied. Budgeting provides a standard for performance evaluation. The percentage of accounts receivable that is uncollectible can be ignored for cash budgeting because it has already been used in the reporting of bad debt expense in the budgeted income statement. it is included in cash sales. it is reported in notes to the balance sheet related to accountings receivable. for most companies, it is not a material amount. none of the answers are correct