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7 years ago
Regarding the sales budget, which of the following statements is incorrect?
A) The forecast of sales revenue is the cornerstone of the master budget.
B) Budgeted total sales for each product equal the sales price multiplied by the expected number of units sold.
C) The budgeted sales are carried from the sales budget to the balance sheet.
D) The level of sales affects expenses and almost all other elements of the master budget.
Textbook 
Horngren's Financial & Managerial Accounting, The Financial Chapters

Horngren's Financial & Managerial Accounting, The Financial Chapters


Edition: 5th
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Mrgo-breedMrgo-breed
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Deprecated Author
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#2
7 years ago
Makes perfect sense, thx
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#3
7 years ago
Happy to help Smiling Face with Open Mouth
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