Question: ( Competency 5 : Learning Objective 2 ) Which of the following is true of the sales budget? It provides sales data that is used
Competency : Learning Objective Which of the following is true of the sales budget?
It provides sales data that is used to prepare financial statements for external reporting purposes.
It captures the variable and fixed expenses of the business.
It is used in the production budget.
It shows the cost of expected production in a period.
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