The master budget process usually begins with the:

a. Production Budget

b. Operating Budget

c. Sales Budget

d. Cash Budget

44. Sales = 60,000, Variable cost = 20,000, Fixed cost = 12,000. What is the breakeven point in $'s?

36,000

30,000

18,000

20,000

24. A Merchandizing company will not have a Production Budget.

True

False

33. The Seller has full control over the price of his product.

True

False