Which of the following encompasses a detailed plan for using the basic factors of production material, labour and overhead to produce a product or provide a service?
A) Budget financial statement
B) Sales forecast
C) Operating budget
D) Cash budget

Question

Quizplus · Accepted Answer

An operating budget encompasses a detailed plan for using the basic factors of production material, labor, and overhead to produce a product or provide a service. A budget financial statement focuses on the financial performance of a company, a sales forecast predicts future sales, and a cash budget determines expected cash flow.

Which of the Following Encompasses a Detailed Plan for Using