Which of the following is an advantage of a self imposed budget It fosters pseudoparticipation. a. b. It encourages budgetary slack. c. It tends to discourage goal congruence. d. Budgets prepared by front line managers are generally more accurate and reliable e. There are no advantages of self imposed budgets 7. The budget that accumulates non-product costs of the organization a. Selling & Administration expense budget b. Raw material budget c. Cash budget d. Finished goods budget e. Family movie night out budget The Overhead budget includes the following type of overhead costs a. Allocated and Unallocated b. Direct and Indirect Raw materials and finished goods d. selling and administrative expenses Variable and Fixed 8. C. e. Budgets are prepared in which of the following orders? a. production budget, sales budget, direct labor budget b. production budget, cost of goods sold budget, direct labor budget c. sales budget, cash budget, production budget d. sales budget, production budget, direct materials purchases budget e. production budget, cash budget, direct materials purchases budget Figure 8-2. Direct Labor Budget - Birrell Company manufactures pottery. Production of large garden pots for the coming three months is budgeted as follows: 20,000 40,000 35,000 May June July Each pot requires 30 minutes of direct labor time. Direct labor wages average $15 per hour. 10. Refer to Figure 8-2. What is the direct labor cost budgeted for June? a. $20,000 b. $300,000 c. $400,000 d. $150,000 e. $525,000