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desires to have 120,000 units on hand on June 30. The budgeted cost of goods manufactured for June would be Question 14 The single most important output in preparing financial budgets is the Question 15 What is the proper preparation sequencing of the following budgets? 1 - Budgeted Balance Sheet 2 - Sales Budget 3 - Selling and Administrative Budget 4 - Budgeted Income Statement Question 16 The formula for determining budgeted merchandise purchases is budgeted Question 17 Orange Co. is a manufacturer and Pineapple Company is a merchandiser. What is the difference in the budgets the two entities will prepare? Question 18 The primary benefits of budgeting include all of the following except it Question 19 The budget that is often considered to be the most important financial budget is the Question 20 Match the items below by entering the appropriate code letter in the space provided. =====================================================================================