1. A manufacturer develops budgets for the direct materials, direct labor, and manufacturing overhead which are directly driven by which of the following?

Group of answer choices

The budgeted income statement

The production budget

The sales forecast/budget

The selling and administrative expenses budget

2. The make or buy decision can conceptually be viewed as a cost structure decision, since the make alternative, compared to the buy alternative:

Group of answer choices

requires more differential fixed, and less differential variable costs

involves more period costs, and less product costs

requires less differential fixed, and more differential variable costs

involves more structured, and less unstructured costs