In preparing an operating budget, the sales budget is prepared first. Which of the following is the last component of the operating budget?
A)Electricity and gas
B)Capital expenditures
C)Budgeted income statement
D)Inventory, purchases and cost of sales

Question

Quizplus · Accepted Answer

The budgeted income statement is the last component of the operating budget, summarizing all the other components like sales, production, and expenses.

In Preparing an Operating Budget, the Sales Budget Is Prepared