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.( )