What type of budget is prepared on an annual basis taking current year operating results and adjusting them for expected growth and inflation?

The following information is available regarding a company's two products for last period.
What is the favourable sales quantity profit variance for last period?

Give your answer to the nearest whole $.

An entity manufactures two products.
The sales revenues of the products are in the constant mix of 3:1. Forecast data for next period are as follows:

The margin of safety for next period is $30,000 of sales revenue. Fixed costs are constant at all levels of output.
What is the forecast profit for next period?
Give your answer to the nearest whole number.

A bakery manager is deciding how many batches of birthday cakes to decorate each day.
Demand for the birthday cakes varies from 12 to 15 batches per day. Each batch decorated and sold earns a contribution of $40 but each batch unsold leads to loss of contribution of $15.
The payoff table below shows the total $ contribution from each of the possibilities:

Based on expected values, the number of batches of birthday cakes the bakery manager should decorate each day is:

The following statements relate to the advantage(s) that linear regression has over the high-low method in the analysis of cost behaviour:

Which statement(s) is/are true?