The starting point in preparing a master budget is the preparation of an income statement or balance sheet. the production budget. the sales budget. O direct materials purchasing budget: A sales budget is O based on a sales forecast O calculated by taking the expected units to be sold multiplied by the cost of the product. o the unit selling prices multiplied by the gross profit rate. O the last budget to be created in a master budget The most important end-product or result of the operating budgets is O the income statement. a production budget. the cash budget. a manufacturing overhead budget. Instead of a production budget, a merchandiser will prepare a O master time sheet. o production forecast. sales forecast. O merchandise purchases budget. How is depreciation handled on a Cash Budget? O It is not on the cash budget at all. O It is part of the Financing section, under the Repayments. It is added to the Disbursements section. O It is added to the Schedule of Cash Collections and then brought over to the cash budget. The production budget shows expected unit sales of 32,000. Beginning finished goods units are 3,600. Required production units are 33,600. What are the desired ending finished goods units? O 3.600 0 2,000 O 5,200 0 6,400 Pell Manufacturing is preparing its direct labor budget for May. Projections for the month are that 33,400 units are to be produced and that direct labor time is three hours per unit. If the labor cost per hour is $12, what is the total budgeted direct labor cost for May? O $1,159,200. O $1,202,400. O $1,180,800. $1,296,000