Spartan Furniture wants to identify its sales and production goals and

QUESTION

Spartan Furniture wants to identify its sales and production goals and the costs required to meet those goals. Which type of budget does it need?

A) capital budget
B) cash budget
C) master budget
D) operating budget
E) discretionary budget

ANSWER

Answer: D
Explanation: D) Operating budgets identify a firm’s sales and production goals and the costs required to meet those goals.