The ending inventories budget is typically expressed in terms of costs, while the production budget is typically expressed in units.

Question

Quizplus · Accepted Answer

The ending inventories budget is usually in terms of costs because it involves determining the value of the goods that will be stored or held as inventory at the end of the period. On the other hand, the production budget is typically expressed in units since it focuses on the quantity or volume of goods that will be produced during the period.

The Ending Inventories Budget Is Typically Expressed in Terms of Costs