The budgeting process involves:

A) Predicting the amount of product needed along with the selling price of the product
B) Estimating the amount that each department will spend on items such as salary and material.
C) Determining which individuals will be tasked with ensuring the budget will be followed.
D) ​All of the above.

Budgeting Process

A systematic approach where businesses estimate their future income, expenditures, and capital needs to achieve their financial goals.

Selling Price

The amount of money for which a product is sold to the customer, not necessarily reflecting its cost or intrinsic value.

Department Spend

Relates to the total amount of money allocated and spent by a specific department within an organization.