Which of the following is an operating budget? a. A sales budget b. A budget for capital expenditures c. A budgeted balance sheet d. A cash budget The actual and budgeted costs for Learner Corp.'s actual level of activity are as follows: Budgeted Costs Actual Costs 1,500 $5,690 1,680 1,500 $5,060 1,400 Units produced Direct materials cost Direct labor cost VOH: Maintenance Power FOH: Grounds keeping Depreciation 720 250 620 180 1,430 1,250 550 550 Which of the following conclusions can be made based on the provided data? a. There is a favorable variance for direct materials cost. b. There is an unfavorable variance for maintenance. c. There is a favorable variance for direct labor cost. d. There is an unfavorable variance for grounds keeping. Which of the following budgets serves as the basis for all other operating budgets and most financial budgets? a. An overhead budget b. A direct labor budget c. A production budget d. A sales budget A(n) is a financial budget. a. overhead budget b. production budget c. budgeted income statement d. budget for capital expenditures