What Reports Are Affected by the Budgeting Process -

question 11

Multiple Choice

What reports are affected by the budgeting process -

• A) income statements
• B) balance sheets
• C) customer sales summary reports
• D) supplier purchases summary reports

---

Definitions:

Press Runs

The total number of copies produced in one operation or batch on a printing press.

Book Set-Ups

The initial steps or arrangements required to prepare books for financial accounting or publishing.

Wages And Salaries

Payments made to employees for their labor, comprised of regular salaries and hourly wages.

Spending Variance

The difference between the actual amount of money spent and the budgeted amount for various categories.