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Question 1 10 pts The sales budget projects sales (in units) as follows: July=6,000, August-4,800, Sept-5,600. Oct=4,200, Nov=2,500 and Dec-2,000. The expected sale price - $5.00 per unit, with cash sales representing 10.0% of budgeted total sales. Compute total credit sales for the 3rd Quarter. $8,200 $73,800 $82,000 O $112,950 Question 2 10 pts The term "sandbagging" refers to the situation where a subordinate communicates to a supervisor that the subordinate's maximum performance is less than their "real" capability, e.g., the subordinate says they can do less than they can. The supervisor sets performance targets based on what the subordinate says. However, the performance target is less than what the subordinate can actually do. The gap between meeting performance expectations and "real" capability is sandbagging. The example reflects the fundamental budget conflict (tension). True False Question 3 10 pts Budgets are designed to anticipate risk (uncertainty). Which of the following are fundamental budget assumptions indicate the areas of risk embedded in the budget process? Select all that apply. Market uncertainty Using a slightly lower sale price than expected Increasing required levels of ending inventory Hedging the price paid for raw materials