Both the budgeted quantity of material to be purchased and the budgeted quantity of material to be consumed can be found in the
A)material purchases budget.
B)production budget.
C)pro forma income statement.
D)cash budget.

Question

Quizplus · Accepted Answer

The budgeted quantity of material to be purchased will be included in the material purchases budget, while the budgeted quantity of material to be consumed will also be included in the same budget. The production budget will provide information on the quantity of products to be produced, but not on material quantities. The pro forma income statement and cash budget do not relate to material quantities at all.

Both the Budgeted Quantity of Material to Be Purchased and the Budgeted