Asked by
Harsh Agrawal
on Nov 12, 2024
Verified
Which one of the following tasks should be done first, when developing a comprehensive budget for a manufacturing company?
A) Determination of the advertising budget.
B) Development of a sales budget.
C) Determination of equipment acquisitions.
D) Development of the capital budget.
Advertising Budget
The financial allocation set aside by a business for promoting its products or brand.
Sales Budget
An estimate of the sales revenue a company aims to achieve in a certain period.
Equipment Acquisitions
Refers to the process of obtaining physical assets for use in production or administrative purposes.
- Apprehend the value, sequence, and interrelation of distinct parts of the budgeting process, such as sales, production, direct labor, and overhead budgets.
- Investigate and perceive the procedure for creating an all-encompassing budget and the arrangement of its various components.
Verified Answer
JZ
Learning Objectives
- Apprehend the value, sequence, and interrelation of distinct parts of the budgeting process, such as sales, production, direct labor, and overhead budgets.
- Investigate and perceive the procedure for creating an all-encompassing budget and the arrangement of its various components.