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Which of the following statements is true with respect to a budgeted balance sheet? Multiple Choice The ending cash balance on the balance sheet equals the ending cash balance on the cast budget. The accounts recelvable bolance inciudes the uncollected credit sales from the most recenty completed month plus the expected cash collections from credit sales that were made two months ago The accounts payable balance includes the expected cash payments for material purchases that were made duling the most recently completed month. The ending cash balance on the balance sheet equals the net income on the income statement: Assume that a company's planned level of activity was 3,500 units and its actual level of activty was 4,000 units. The spending variance for. one of its mixed expenses was $900 favorable and its activity variance was $200 unfavorable. The planned and actual amounts of the fixed portion of this mixed expense were $10,000 and $9,300, respectively. What total amount of this mixad expense would be included in the flexible budget? Multiple Cholce $11,200 $11,600 $11,400 $11.800 Assume that a company's planned level of activity was 3,500 units and its actual level of activity was 4,000 units. The spending variance for one of its mhed expenses was $900 favorable and its activily variance was $200 unfavorable The plarined and actual amounts of the fixed portion of this mixed expense were $10.000 and $9.300, respectively. Whot is the planned amount of this mixed expense? Multiple Cholce 511,800 511,600 $11,200 $11,400

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