Budgeted operating income includes

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Budgeted operating income includes all expenses directly related to the production or sale of goods or services, such as cost of goods sold. Budgeted interest expense and income taxes are not included in operating income because they are financial expenses that do not directly relate to the operations of the business. Budgeted net income is a calculation that includes all revenues and expenses, both operating and non-operating.

Budgeted Operating Income Includes