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All of the following are operating budgets except:Multiple choice question.production budgetsales budgetmerchandising budgetselling expenses budget

Question

All of the following are operating budgets except:Multiple choice question.production budgetsales budgetmerchandising budgetselling expenses budget

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Solution

The correct answer is "merchandising budget".

Here's why:

  1. Production Budget: This is an operating budget. It outlines the cost of direct materials, direct labor, and manufacturing overheads required to produce goods.

  2. Sales Budget: This is also an operating budget. It estimates future sales revenue by multiplying the expected unit sales volume for each product by its anticipated unit selling price.

  3. Merchandising Budget: This is not an operating budget. It is a part of the financial budget and it outlines the cost for purchasing merchandise inventory.

  4. Selling Expenses Budget: This is an operating budget. It outlines the costs associated with selling products, such as advertising and sales commissions.

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