Which statement is correct as it relates to budgetary control? Budget reports are used to compare estimated results with budgeted results. Planned objectives lose value when monitored. Budget reports are prepared either annually or quarterly. Budgets contribute to the control of operations.

Budgets contribute to the control of operations.

Explanation:

Working with a fixed budget gives one primary control of a targeted operation. A budget enables one work effectively with the necessary labor required, equipment, outsourced tasks, production schedule etc. Without a planned budget, an operations lifespan becomes uncertain which is not good.