True OR False

1- The selling and administrative budget is typically prepared before the cash budget. ( )

2-The cash budget is the starting point in preparing the master budget. ( )

3- Control involves developing goals and preparing various budgets to achieve those goals. ( )

4-The budgeted income statement is typically prepared before the budgeted balance sheet. ( )

5-In the merchandise purchases budget, the required purchases (in units) for a period can be determined by subtracting the beginning merchandise inventory (in units) from the budgeted sales (in units) and desired ending merchandise inventory (in units). ( )

6-The number of units to be produced in a period can be determined by adding the expected sales to the desired ending inventory and then deducting the beginning inventory. .( )

7-The direct labor budget shows the direct labor-hours required to satisfy the production budget. .( )

8-The manufacturing overhead budget lists all costs of production other than direct materials and direct labor. .( )

9-In the manufacturing overhead budget, the non-cash charges (such as depreciation) are deducted from the total budgeted manufacturing overhead to determine the expected cash disbursements for manufacturing overhead.( )

10-The disbursements section of a cash budget consists of all cash payments for the period except cash payments for dividends. .( )