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14 April, 02:54

LO 7.2What operating budget exists for manufacturing but not for a retail company?

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  1. 14 April, 04:30
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    Production Budget

    Explanation:

    Production Budget is usually substituted with Purchasing budget for a retail company.

    The operating budget usually consist of the:

    sales budget, production budget, manufacturing overhead budget.

    However, for a retail company that usually do not produce their products or inventory but purchase them, the Production Budget is usually substituted with Purchasing budget or merchandise inventory to be purchased; meaning since they do not have raw materials they substitute the number of units to be purchased, to the number of units to be produced.
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