Which of the following is not an operating budget?

Q: better system for performance analysis?

A: A flexible budgeting system is a type of budgeting which is based on various sales volumes and it…

Q: Which of the following is NOT one of the types of budgets according to several classifications?…

A: Budgets are the estimations or forecasts that are made for future period of time.

Q: The Zero Base Budget (ZBB) is the budget system that most influences resource allocation management…

A: SOLUTION EXPLANATION IN TRADITIONAL BUDGETING , THE TOP MANAGEMENT TAKES THE DECISIONS REGARDING ANT…

Q: The direct labor budget and the manufacturing overhead budget are prepared directly from the a.…

A: Budgets are the forecasts or estimates to be made for future period of time. These are the…

Q: How does activity-based budgeting explain the logic of budgeting?

A: Activity based budgeting: It is a budgeting system where budgets are prepared based on the expected…

Q: What type of procedure is a Budget vs. Actual comparison?

A: Budget is a statement of cost and revenue which are estimated at the start of the period  Actual is…

Q: What are the budgeted financial statements? How do they differ from regular financial statements?

A: Financial statements: Financial statements are condensed summary of transactions communicated in the…

Q: first budget to be prepared as a component of the master budget is:   direct labor budget.  sales…

A: The budgets are prepared to estimate the requirements for the period. The sales budget is prepared…

Q: True or false a. The direct materials budget shows the number of units that are to be produced…

A: A budget is a statement that shows the expected financial position of the entity after a certain…

Q: Which of the following would depict the logical order or sequence for preparing the following:(1) a…

A: Solution- A company will prepare the sales budget  first to analyse the sales for the period than it…