Budgets that focus on the budgeted cost of activities required to produce and sell products are called ________.
A) strategic budgets
B) master budgets
C) activity-based budgets
D) rolling budgets

Question

Quizplus · Accepted Answer

Activity-based budgets focus on the cost of activities involved in producing and selling products, rather than just allocating funds based on department or function. Strategic budgets focus on long-term planning, master budgets include all financial plans for the company, and rolling budgets are constantly updated to reflect current conditions.

Budgets That Focus on the Budgeted Cost of Activities Required