A manufacturer's operating budgets consists of the: (Check all that apply.)Multiple select question.cash budgetpurchases budgetproduction budgetsselling expense budgetsales budget

A manufacturer's operating budgets can consist of several components, depending on the specific needs and structure of the business. Here are the components from your list that typically fall under a manufacturer's operating budget:

1. Purchases budget: This is an estimate of the quantity of purchases that must be made in a given period to support the expected level of production and sales.

2. Production budgets: This is a detailed plan that shows the number of units that must be produced during a period in order to satisfy both sales and inventory needs.

3. Selling expense budget: This is an estimate of all costs associated with selling products during the budget period. It includes items like advertising, sales commissions, travel and entertainment, freight, and any other costs associated with selling activities.

4. Sales budget: This is the first and most fundamental step in preparing the master budget. It outlines expected sales for a specific period, typically a year, broken down into both volume and dollars.

The cash budget, on the other hand, is typically considered a component of the financial budget, not the operating budget. It provides a detailed plan of how the business expects to manage its cash inflows and outflows during the budget period.