Which of the following budgets is based on the expected sales volume and the desired ending inventory of finished goods and is adjusted for the expected beginning inventory of finished goods?

Question

Quizplus · Accepted Answer

The production budget is based on the expected sales volume and desired ending inventory of finished goods, and also takes into account the beginning inventory of finished goods. The sales budget is solely based on expected sales volume, while the direct materials budget is based on the production budget and the materials needed for production. The budgeted product cost sheet is a summary of all costs associated with producing a product.

Which of the Following Budgets Is Based on the Expected