Choose the Correct Statement: a Purchases and Operating Expenses Budget

question 16

Multiple Choice

Choose the correct statement: a purchases and operating expenses budget:

• A)summarises all the planned activities of the business
• B)is the budget that is the starting point in the budget process,determining the purchasing and operating expense levels
• C)is the budget that shows how individual selling,distribution and administrative expense items behave when sales volume changes
• D)is prepared from the budgeted sales,the budgeted operating expenses,and the budgeted cost of goods sold
• E)is the budget of expected receipts and payments
• F)is the budget that is the ending point in the budget process,and cannot be completed until all other budgets are prepared

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