Which of the following is not used in the preparation of a production budget? Multiple Choice The sales forecast. 26 The Inventory pollicy. Cash payments for raw materlals. The beginning Inventory quantity 7 XYZ Company has budgeted production of Item #123 for April, May, and June of 2.400, 3.200, and 2,800 units, respectively. XYZ Company currently pays a standard rate of $3 per foot for row matenial A and $5 per sheet for raw material B. Each unit produced requires 4 feet of raw material A and 2 sheets of raw material B. Each unit produced also requires 30 minutes of cutting direct labor time at a standard rate of $16 per hour and 2 hours of assembly direct labor time at a standard rate of $20 per hour. Manufacturing overhead is applied at the standard rate of $10 per direct lebor hour The standard cost per unit of Item #123 is 2 2612 Muiple Cholce $62 eBook s82. S87 $95