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What does the production budget include?
  • a)
    Only the estimated closing finished stock.
  • b)
    The total output of the organization and the scheduling of operations.
  • c)
    Material cost budget, labor cost budget, and overhead budget.
  • d)
    Sales forecasts for different products.
Correct answer is option 'B'. Can you explain this answer?
Most Upvoted Answer
What does the production budget include?a)Only the estimated closing f...
The production budget includes the total output of the organization broken down into estimates of output for each type of product, along with a scheduling of operations to be performed. It also includes a forecast of the closing finished stock to be maintained.
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What does the production budget include?a)Only the estimated closing finished stock.b)The total output of the organization and the scheduling of operations.c)Material cost budget, labor cost budget, and overhead budget.d)Sales forecasts for different products.Correct answer is option 'B'. Can you explain this answer?
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