Asked by Diana Stevenson on May 27, 2024
Verified
Begins by estimating the quantity of sales
A)Static budget
B)Flexible budget
C)Master budget
D)Sales budget
E)Production budget
Static Budget
A fixed budget that does not change with actual activity levels, designed for planning purposes.
Flexible Budget
A budget that adjusts or flexes with changes in volume or activity, providing a more useful tool for performance evaluation.
Master Budget
A comprehensive financial planning document that includes all of an organization's financial plans and budgets.
- Identify the process and benefits of preparing a sales budget.
Verified Answer
Learning Objectives
- Identify the process and benefits of preparing a sales budget.
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