What are the components of operating budget?

Q: What is the purpose of a budget in financial management?

A: Financial management refers to the process of planning, organizing, directing, and controlling the…

Q: How can budgeting be used for strategic allocation of resources?

A: In budgeting, standards are set for the next period so that actual performance could be directed…

Q: What

A: Budgets act as an instrument of coordination.

Q: Which budget is prepared for Advertising, Salary, and Market Analysis? A. Operating Budget B. Sales…

A: The question is asking us to identify the type of budget that is typically used to plan for expenses…

Q: How are standards used by management in evaluating organizational units, as to their budgetary…

A: A budget refers to the financial plan that is used by managers in order to estimate revenues and…

Q: Which of the following is the cornerstone of the master budget? The selling and administrative…

A: Master budget: Master budget is the set of budgeted financial statements and supporting schedules…

Q: Why is the sales forecast the starting point in budgeting?

A: Master Budget:   The master budget is a collection of budgets that is used by the company for…

Q: How are specialized budgets prepared? What is the relationship of specialized budgets to the…

A: Budgets are the financial planning of a particular financial item like sales, income, expense, cash,…

Q: Which budget is prepared for Advertising, Salary, and Market Analysis? A. Operating Budget B. Sales…

A: The question is asking us to identify the type of budget that is typically used to plan for expenses…

Q: what is the budget development process?

A: A budget is an instrument for planning, executing, and managing operations in order to make the most…