Question

Identify the corresponding budget(s) from which dollar amounts are transferred directly in constructing each of the following:

a. Direct materials budget
b. Cost of goods sold budget
c. Production budget
d. Payables budget
e. Sales budget

Answer 1

The corresponding budgets in column B from which dollar amounts are transferred directly is paired correctly with the budgets listed in Column A.

as shown in the explanation section below

Step-by-step explanation:

Solution

Given that

COLUMN A COLUMN B

1.Budgeted Income statement – (e)Sales Budget

2.Budgeted Balance sheet – (d)Payables Budget

3.Flow Cash Budget – (a)Direct materials budget

4. cost of goods sold – (b)cost of goods sold Budget

5.production Budget – (c)production Budget

Note: This is the complete question to this example.

Complete question

Identify the budgets in Column B from which dollar amounts are transferred directly in constructing the budgets listed in Column A.

Column A

1. Budgeted income statement

2. Budgeted balance sheet

3. Cash flow budget

4. Cost of goods sold budget

5. Production budget

Column B

a. Direct materials budget

b. Cost of goods sold budget

c. Production budget

d. Payables budget

e. Sales budget

f. Budgeted income statement