Question

Which of the following is a financial budget?*

A) budgeted balance sheet
B) cash receivables budget
C) production budget
D) cost of goods sold budget
Objective 6.1"

Answer 1

The correct financial budget from the given options is the production budget.

Step-by-step explanation:

The correct financial budget from the options given is the production budget.

A production budget is a financial plan that outlines the expected production levels and costs for a specific period of time.

It helps businesses determine the resources needed and the expenses associated with producing goods or services.

For example, a clothing manufacturer may create a production budget to estimate the number of units to be produced, the cost of materials, and the labor expenses involved.