Which of the following budgets summarizes plans for acquiring fixed assets?
A) A selling and administrative expenses budget
B) A factory overhead budget
C) A cash budget
D) A capital expenditures budget

Question

Quizplus · Accepted Answer

A capital expenditures budget summarizes plans for acquiring fixed assets, such as property, plant, and equipment. A selling and administrative expenses budget summarizes plans for expenses related to selling and administrative functions. A factory overhead budget summarizes plans for indirect manufacturing costs. A cash budget summarizes plans for cash inflows and outflows.

Which of the Following Budgets Summarizes Plans for Acquiring Fixed