Which of the following is not a component of the operating budget?
A)Budgeted balance sheet
B)Sales budget
C)Selling and administrative budget
D)Direct materials purchases budget

Question

Quizplus · Accepted Answer

The budgeted balance sheet is not a component of the operating budget. The operating budget includes budgets for sales, production, direct materials purchases, direct labor, manufacturing overhead, selling and administrative expenses, and cash receipts and disbursements. The budgeted balance sheet is a part of the financial budget, which also includes the cash budget, budgeted income statement, and capital expenditures budget.

Which of the Following Is Not a Component of the Operating