The budgeted income statement is a combination of:
A)All the operating budgets.
B)All the operating budgets plus the budgeted balance sheet.
C)The direct materials budget,the direct labor budget,and the manufacturing overhead budget.
D)The production budget,the cost of goods sold budget,and the selling and administrative expense budget.

Question

Quizplus · Accepted Answer

The budgeted income statement is a summary of all the operating budgets for a company, including the production budget, cost of goods sold budget, and selling and administrative expense budget. It does not include the budgeted balance sheet or individual department budgets such as the direct materials or labor budgets.

The Budgeted Income Statement Is a Combination Of