Vidyalelo
Commerce · Q558

Costing

Graduate and Post Graduate · Commerce · question 558

Q558

Third step in developing operating budget is

A.
analysis of batches
B.
analysis of products
C.
making predictions about future
Answer
D.
None of the above

Answer: Option C

Solution

Answer: Option C
Solution:
Third step in developing operating budget is making predictions about future. An operating budget is the annual budget of an activity stated in terms of Budget Classification Code, functional/subfunctional categories and cost accounts.