Which of the following statements is true regarding budgets? O The purchases budget does not rely on estimates. O The balance sheet budget is generally prepared last. O Developing the sales forecast is generally the simplest part of the budgeting process. O All expenses in an income statement budget should remain the same each month. O Cost of goods sold is shown on the purchases budget. The Bonneville Company recently sold 2,200 units and had total sales of $143,000. During the same time the company reported variable costs per unit of $35 and net income of $60,000. If the company's price per unit were increased by $5 and its volume decreased by 200 units, what would be the company's projected net income? The Findlay Corporation reported the following cost information for the production of 82,000 units: (a) overhead costs $110,000, (b) period costs $23,000, (c) direct materials costs $216,000 and (d) direct labor costs $186,000. If the company sold 68,000 units, what amount would it report as cost of goods sold in its financial statements? As needed, round your final answer to the nearest whole dollar. Which of the following statements is true regarding budgets? O The purchases budget does not rely on estimates. O The balance sheet budget is generally prepared last. O Developing the sales forecast is generally the simplest part of the budgeting process. O All expenses in an income statement budget should remain the same each month. O Cost of goods sold is shown on the purchases budget. The Bonneville Company recently sold 2,200 units and had total sales of $143,000. During the same time the company reported variable costs per unit of $35 and net income of $60,000. If the company's price per unit were increased by $5 and its volume decreased by 200 units, what would be the company's projected net income? The Findlay Corporation reported the following cost information for the production of 82,000 units: (a) overhead costs $110,000, (b) period costs $23,000, (c) direct materials costs $216,000 and (d) direct labor costs $186,000. If the company sold 68,000 units, what amount would it report as cost of goods sold in its financial statements? As needed, round your final answer to the nearest whole dollar