PART 1: MATCH THE ITEMS (10* 2 points-20 points) Match the items below by entering the appropriate code letter in the space provided. A. Budget F. Production budget B. Financial budgets Cash budget C. Budget committee Long-range planning D. Master budget Direct materials budget E. Sales forecast J. Sales budget 1. A selection of strategies to achieve long-term goals. 2. An estimate of expected sales for the budget period. 3. Budgets that indicate the cash resources needed for expected operations and planned capital expenditures. 4. The projection of potential sales for the industry and the company's expected share of such sales. 5. Management's plans expressed in financial terms for a specified future time period. A projection of anticipated cash flows. 6. 7. A group responsible for coordinating the preparation of the budget. 8. A projection of production requirements to meet expected sales. 9. A set of interrelated budgets that constitute a plan of action for a specified time period. An estimate of the quantity and cost of direct materials to be purchased. 10. TO con ITATIVE QUESTIONS) G. H