Listed below are elements of the master budget. Determine whether each budget is an operating budget or a financial budget. Place an O for operating budget or F for a financial budget.

-Marketing costs budget

Question

Listed below are elements of the master budget. Determine whether each budget is an operating budget or a financial budget. Place an O for operating budget or F for a financial budget.

-Marketing costs budget

Quizplus · Accepted Answer

The marketing costs budget is part of the operating budget because it includes projected expenses related to the day-to-day operations of the business, specifically in the area of marketing and promotion.

Listed Below Are Elements of the Master Budget