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

Question

Quizplus · Accepted Answer

The capital expenditures budget summarizes future plans for the acquisition of fixed assets, such as equipment or property. The other budgets listed (direct materials purchases, production, and sales) do not relate specifically to the acquisition of fixed assets.

The Budget That Summarizes Future Plans for the Acquisition of Fixed