Which of the following periods of time does a strategic budget not cover? 1 Multiple Choice Five years. Ten years. Fifteen years. O o One year. o Twenty years. Which of the following is not a result of following a well-designed budgeting process? 2 Multiple Choice Improved decision-making processes. Improved performance evaluations. Improved coordination of business activities. Improved and assured profits. Improved communication of management's action plans. Budgets that are periodically revised and have new periods added to replace those that have lapsed are called: 3 Multiple Choice Production budgets. Sales budgets. Cash budgets. Rolling budgets. O Capital expenditures budgets. Operating budgets include all the following budgets except the: 4 Multiple Choice Sales budget. Selling expense budget. Cash budget. Production budget. General and administrative expense budget. A plan that lists dollar amounts to be received from disposing of plant assets and dollar amounts to be spent on purchasing additional plant assets is called a: 5 Multiple Choice O O Cash budget. O O Capital expenditures budget. Rolling budget. Sales budget. Production budget. A plan that states the number of units to be produced in a future period, based on the projected unit sales and inventory considerations, is the: 6 Multiple Choice Sales budget. Merchandise purchases budget. O Production budget. O Cash budget. Manufacturing budget. O A company's October sales budget calls for sales of 12,000 units. Each month's sales are expected to exceed the prior month's results by 10%. The product selling price is $50 per unit. The expected total sales dollars for November's sales budget are: 7 Multiple Choice O O $ 600,000 O $ 650,000. $ 550,000. O O O $ 660,000 O O $ 625,000 00 A company budgets production of 750 units in June and 825 units in July. Each unit requires 2.5 hours of direct labor. The direct labor rate is $16.80 per hour. The indirect labor rate is $18.80 per hour. Compute the budgeted direct labor cost for July Multiple Choice O $ 66.150 $ 34,650. O $ 74,025 O o $ 31,500. O O $ 38,775