Which of the following budgets uses information from the selling and administrative expense budget?
A)Pro-forma budget
B)Budgeted income statement
C)Direct materials purchases budget.
D)None of these ans choices are correct.

Question

Quizplus · Accepted Answer

The budgeted income statement uses information from the selling and administrative expense budget along with other budgets to project expected revenues and expenses for a given period. The pro-forma budget is a summary of all the individual budgets and does not use specific information from any one budget. The direct materials purchases budget is concerned with the purchase of materials for production and does not involve selling and administrative expenses. Therefore, the correct answer is B.

Which of the Following Budgets Uses Information from the Selling