UNIT 8 $6,860 ($9,800 X .70) COST OF NEXT 7 UNITS = (8 X $6,860...

41. Correct answer d. The production budget and the purchases budget must be completed before

the cost of goods sold budget can be completed. An administrative budget may also be

dependent on the planned sales and manufacturing activity and is generally completed after all

production revenues and costs have been budgeted.