Which of the following best describes the selling and administrative budget?
A)A series of budget schedules outlining the organization's plans for the upcoming period.
B)An estimate of cash expenditures for long-term assets.
C)An estimate of all operating costs other than production costs.
D)A budget that is based on sales projections plus an estimate of desired ending finished goods inventory less beginning finished goods inventory.
E)None of the answer choices is correct.

Question

Quizplus · Accepted Answer

The selling and administrative budget estimates all operating costs other than production costs, such as marketing, advertising, salaries, rent, utilities, and office supplies. It is a component of the operating budget, which outlines the organization's plans for the upcoming period. Options A, B, and D refer to other types of budgets.

Which of the Following Best Describes the Selling and Administrative