Operating budgets forecast outlays for fixed assets such as plant and equipment.

Name: Operating budgets forecast outlays for fixed assets such as plant and equipment.
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Question

Quizplus · Accepted Answer

Operating budgets are designed to forecast expenses related to day-to-day operational activities such as salaries, utilities, and supplies. Capital budgets, on the other hand, are used to forecast outlays for fixed assets such as plant and equipment.

Operating Budgets Forecast Outlays for Fixed Assets Such as Plant