The budget that summarizes future plans for the acquisition of fixed assets is
A) direct materials purchases budget
B) production budget
C) sales budget
D) capital expenditures budget

Question

Quizplus · Accepted Answer

The budget that summarizes future plans for the acquisition of fixed assets is the capital expenditures budget. This budget outlines the amount of funds that will be allocated towards the purchase of long-term assets such as property, plant, and equipment. The other budgets listed (direct materials purchases budget, production budget, and sales budget) are related to day-to-day operations and do not involve the acquisition of fixed assets.

The Budget That Summarizes Future Plans for the Acquisition of Fixed