Which of the following budgets is not a budget that a manufacturer would include in its master budget?
A)Sales budget.
B)Direct materials budget.
C)Production budget.
D)Merchandise purchases budget.
E)Cash budget.

Question

Quizplus · Accepted Answer

The merchandise purchases budget is not a budget that a manufacturer would include in its master budget. This budget is typically used by retailers that purchase finished goods from manufacturers and wholesalers. Manufacturers, on the other hand, would include budgets such as the sales budget, direct materials budget, production budget, and cash budget in their master budget.

Which of the Following Budgets Is Not a Budget That