Question

Which of the following is not included in the operating budget? A. Direct labor budget B....

Which of the following is not included in the operating budget?

A.

Direct labor budget
B.

Budgeted income statement
C.

Budgeted balance sheet
D.

Sales budget
Business   Accounting   
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Homework Answers

Answer #1

The correct option is C. Budgeted Balance Sheet

Budgeted balance sheet is not included in operating budget.

A Operating Budget is an estimate of the income and expenditure of a company over a set period of time. hence, Direct Labor, Sales Budget and Income Statement is a part of operating budget since these are used to estimated the income and expenditure.

Balance sheet is not a part of operating budget since baance sheet shows the assets and liabilities for a period of time.

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