work monitored and evaluated 10) Which of the following is an example of the planning function of the budgeting process? A) A budget demands integrated input from different business units and functions B) Budget figures are used to evaluate the performance of managers C Employees are motivated to achieve the goals set by the budget D) The budget outlines a specific course of action for the coming period. 11) Which of the following describes the cash budget? A) It captures the variable and fixed expenses of the business. B) It depicts the breakdown of sales based on terms of collection C It helps in planning to ensure the business has adequate cash aids in planning to ensure the company has adequate inventory and cash on hand. 12) Which of the following is true of the sales budget? A) It shows the cost of expected production in a period. B) It provides sales data that is used to prepare financial statements for external C) It is used in the production budget D) It captures the variable and fixed expenses of the business. 13) The direct materials budget is prepared using information from thebudget B) capital expenditure A) master D) production 14) All of Gaylord Corporation's sales are on account. Thirty-five percent of the sales on account are collected in the month of sale, 45% in the month following sale, and the remainder are collected in the second month following sale. The following are budgeted sales data for the company January 50,000 February $60,000 April S30,000 Total sales $40,000 What is the amount of cash that should be collected in March? B) $24,000 A) S51,000 C) S37,000 D) $41,000