In order to prepare a sales budget, a ____ is required.
A) production budget
B) sales forecast
C) static budget
D) flexible budget

Question

Quizplus · Accepted Answer

A sales forecast is required in order to prepare a sales budget, as it provides information about the expected sales revenues for a given period. The production budget relates to the amount of goods to be produced, and a static or flexible budget is used to compare actual results against budgeted amounts. However, the starting point is the sales forecast, which is the best choice among the options given.

In Order to Prepare a Sales Budget, a ____ Is