Name Acct 202 Spring 2018 Test 2 Comstock Warren 13th Chapter 6,7 Budgets Choose the best answer. 1. A company's planned borrowings and repayments appear on the: a. production budget. b. operating budget. c. interest income budget. d. cash budget. 2. Rodriquez Company budgeted the following sales in units: January 30,000 February 20,000 March 40,000 Rodriquez's policy is to have 20% of the following month's sales in inventory. On January 1, inventory equaled 7,500 units. February production in units is: a. 20,000. b. 28,000. c. 40,000. d. 26,500. e. 24,000 for the first quarter: January 30,000 February 20,000 March 40,000 Each unit requires 3 pounds of raw material. Diamond's policy is to have 20% of the following month's production needs for materials in inventory. Orn January 1, the raw materials inventory equaled 11,000 pounds. Raw materials purchases budgeted for February in pounds equal: a. 72,000 b. 32,000. C. 91,000. d. 30,000. e. 54,000