Which of the following statements about budget acceptance in an organization is true? Budgets are hardly ever accepted by anyone except top management. Budgets have a greater chance of acceptance if all levels of management have provided input into the budgeting process The most widely accepted budget by the organization is the one prepared by the department heads. The most widely accepted budget by the organization is the one prepared by top management. A budget is most likely to be effective if it is used to assess blame when things do not occur according to plans. employees and managers at the lower levels do not get involved in the budgeting process. it is not used to evaluate a manager's performance. it has top management support. Which of the following is not a financial budget? Cash budget Manufacturing overhead budget Budgeted balance sheet Capital expenditure budget The culmination of preparing operating budgets is the budgeted balance sheet. production budget. cash budget. budgeted income statement. In a production budget, total required production units are the budgeted sales units plus desired ending finished goods units minus beginning finished goods units. beginning finished goods units desired ending finished goods units. desired ending finished goods units plus beginning finished goods units The production budget shows that expected unit sales are 51000. The total required units are 62000. What are the required production units? 16500 22000 Cannot be determined from the data provided 11000 The starting point in preparing a master budget is the preparation of the purchasing budget. personnel budget. production budget. sales budget. A company budgeted unit sales of 184000 units for January, 2017 and 170000 units for February 2017. The company has a policy of having an inventory of units on hand at the end of each month equal to 30% of next month's budgeted unit sales. If there were 55200 units of inventory on hand on December 31, 2016, how many units should be produced in January, 2017 in order for the company to meet its goals? 188200 units 235000 units 184000 units 179800 units