6 pts Question 1 [Select) is an important in predicting how costs and sales levels affect profitability. [Select) is the formal plans of the company expressed monetarily. A Select] is a forma comprehensive plan for a company's future. It contains several individual budgets that are linked together to form a coordinated plan, the first budget prepared is the Select] budget. A Select) compares actual performance and budgeted performance based on actual sales volume (or other activity level). A Select) budget is based on a single predicted amount of sales or other activity measure. 6 pts Question 1 In important in predicting how costs and sales levels Select] Budget CVP Analysis Fixed Flexible Budget Performance Report Master Budget Sales he formal plans of the company expressed monetarily. A [Select] is a forma comprehensive plan for a company's future. It contains several individual budgets that are linked together to form a coordinated plan, the first budget prepared is the (Select] budget A Select) compares actual performance and budgeted performance based on actual sales volume (or other activity level). A Select) budget is based on a single predicted amount of sales or other activity measure. 3 pts Question 6 Budgeted sales are: February, $320,000, March $430,000 and April, $760,000. Sales are 65% credit sales with 70% collected in the month following the sale, 30% two months following. What are cash receipts in April? 2 pts D Question 7 The benefits of budgeting include all of the following, except: Control Budgetary Slack Communicate Coordinate Motivate Plan