Which of the following components is not necessary to have in every master budget? a. Direct material purchases budget b. Capital budget c. Cash budget d. Operating budget
Added by Kaitlyn B.
Step 1
Step 1: Understand the components listed in the question: - Direct material purchases budget - Capital budget - Cash budget - Operating budget Show more…
Show all steps
Your feedback will help us improve your experience
Madhur L and 87 other Principles of Accounting educators are ready to help you.
Ask a new question
Labs
Want to see this concept in action?
Explore this concept interactively to see how it behaves as you change inputs.
Recommended Videos
Master budget. Which of the following statements is correct regarding the components of the master budget? a. The cash budget is used to create the capital budget. b. Operating budgets are used to create cash budgets. c. The manufacturing overhead budget is used to create the production budget. d. The cost of goods sold budget is used to create the selling and administrative expense budget.
Md.Daniyal A.
The operating expense budget is a component in a financial budget.
Sanchit J.
Recommended Textbooks
Horngren’s Cost Accounting
Cost Accounting A Managerial Emphasis
Principles of Accounting Volume 1: Financial Accounting
Transcript
18,000,000+
Students on Numerade
Trusted by students at 8,000+ universities
Watch the video solution with this free unlock.
EMAIL
PASSWORD