Which of the Following Budgets Is Part of the Manufacturing

question 110

Multiple Choice

Which of the following budgets is part of the manufacturing budget?

• A) Sales budget.
• B) Direct materials budget.
• C) Production budget.
• D) Merchandise purchases budget.
• E) Cash budget.

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Definitions:

Billion

A number equivalent to one thousand million (1,000,000,000) or, in some number systems, a million million (1,000,000,000,000).

Saving

The portion of income not spent on current consumption but set aside for future use, often in a deposit account or as an investment.

Disposable Income

The sum of funds a family can use for expenditures and savings once income taxes are deducted.

APC

Average Propensity to Consume (APC) is a measure of the fraction of income spent on consumption rather than saving in an economy.