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Budgets are prepared in which of the following orders? a. Sales budget, production budget, direct...

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Accounting

Budgets are prepared in which of the following orders?

a. Sales budget, production budget, direct materials purchases budget

b. Production budget, sales budget, direct labor budget

c. Production budget, cost of goods sold budget, direct labor budget

d. Sales budget, cash budget, production budget

Assume that a company spends $15,000 a year for inspecting, $50,000 for purchasing, $26,000 for reworking products, and $30,000 for warranty work. A good estimate of nonvalue-added costs would be: a. $75,000. b. $71,000. c. $50,000. d. $41,000.

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