A manufacturing firm needs to establish which of the following budgets?

Question

Quizplus · Accepted Answer

A manufacturing firm needs to establish a material purchases budget to plan and control its raw material purchases. This budget helps in ensuring that the company has enough raw materials to achieve its production goals while minimizing waste and excess inventory. While other budgets such as a profit budget, cost budget, and accounting budget are also important, they may not be as critical as the material purchases budget for a manufacturing firm.

A Manufacturing Firm Needs to Establish Which of the Following