Which of the following budgets is not a budget that a manufacturer would include in its master budget?
A) Production budget.
B) Sales budget.
C) Merchandise purchases budget.
D) Cash budget.
E) Direct materials budget.

Question

Quizplus · Accepted Answer

The merchandise purchases budget is typically used by retailers rather than manufacturers. Manufacturers would instead use a direct materials budget to plan and budget for the purchase of raw materials needed in the production process. Therefore, the correct choice is C.

Which of the Following Budgets Is Not a Budget That