The starting point in developing the master budget is the preparation of the ___________. A. cash budget B. sales budget C. production budget D. budgeted income statement Which of the following statements is true of the behavior of total fixed costs, within the relevant range? A. They will remain the same as production levels change. B. They will decrease as production decreases. C. They will decrease as production increases. D. They will increase as production decreases. Purchases of direct material for May were $114.000, while expected purchases for June and July are $122,000 and $135,000, respectively. All purchases are paid 25% in the month of purchase and 75% the following month Calculate the budgeted payments for the month of June. A. $91, 500 B. $120,000 C. $116,000 D. $122,000