Which of the following is the first operating budget prepared by an organization in the preparation of a master budget? Select one: a. Direct labour budget b. Sales budget C. Cash budget d. Flexible budget Which of the following statements is NOT true? Select one: a. Using spreadsheets can simplify and speed up the process of calculating and manipulating data b. Using spreadsheets makes budgeting a straightforward task c. Spreadsheets are a powerful tool for word processing BLD Company expected to produce 17,000 units. Beginning finished goods inventory is 2,000 units and expected sales are 18,000 units. The expected ending finished goods inventory is Select one: a. 3,000 units b. 1,000 units C. 2,000 units d. 37,000 units Bussin' Inc uses an annual cost function for its overhead cost of $100,000+$1.80 per direct labour hours worked. For the next quarter, Bussin' Inc plans to manufacture 40,000 units. Each unit requires 3 hours of direct labour hours. What is the budgeted manufacture overhead cost for the next quarter? Select one: a. $172,000 b. $241,000 c. $316,000 d. $97,000 While preparing the cost of goods sold budget you determine the inventory of finished goods to be $30,000. In preparing which other budget should this amount of $30,000 be taken into consideration? Budgeted: Select one: a. Balance Sheet b. C. Profit or Loss Statement d. Production e. Retained Earnings Statement