Which of the following is a characteristic of zero-based budgeting? It uses the same level of activity as the prior budget period B. It is relatively inexpensive to implement. C. It is used mostly by manufacturing companies. D. It results in a fresh consideration of the validity of budget amounts. Which of the following is not typically a part of the master budget? Direct material purchases budget B. Performance report budget C. Projected cash receipts and disbursements D. Budgeted balance sheet Which of the following contains at least one item that is not a common method companies use to estimate sales? Economic models, and estimates from a company's own sales force B. Trends in a company's own sales data, and estimates from a company's own sales force C. Estimates from a company's own sales force, and expected production levels D. Economic models, and trends in a company's own sales data Which of the following is not used In deriding how many units to produce in a period The desired number of units in ending finished goods inventory B. The expected sales in units C. The number of units in beginning finished goods inventory D. The number of units of raw material needed for production A significant difference between the direct material purchases budget and the direct labor budget is that the direct material purchases budget is based on units sold, while the direct labor budget is based on units produced