Current Attempt in Progress Russo Manufacturing Company uses the following budgets: balance sheet, capital expenditures, cash, direct labour, direct materials, income statement, manufacturing overhead, production, sales, and selling and administrative expenses. Indicate whether each budget is an operating or a financial budget. Budgeted balance sheet Operating Budget Financial Budget Capital expenditures budget Cash budget Direct labour budget Direct materials budget Budgeted income statement Manufacturing overhead budget Production budget Sales budget Selling and administrative expenses budget