Asked by
Katelyn Childs
on Nov 17, 2024
Verified
The sales budget is derived from the production budget.
Sales Budget
A financial plan that estimates the revenues expected from sales over a future period.
Production Budget
An estimate of all costs associated with manufacturing a product for a set period.
- Understand the relationship between sales, production, and subsequent budgets in the budgeting hierarchy.
Verified Answer
AK
Learning Objectives
- Understand the relationship between sales, production, and subsequent budgets in the budgeting hierarchy.
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