QUESTION 3 Budgeted operating income includes budgeted interest expense. budgeted income taxes. O budgeted cost of goods sold. budgeted net income. none of these. QUESTION 4 Budgets are O key components of planning. financial plans for the future. an identifier of objectives and the actions needed to achieve them. used for communication and coordination. all of these. QUESTION 5 Depreciation expense on sales equipment appears in a separate line on which of the following budgets? Cash budget Selling and administrative expenses budget Direct labor budget Production budget O Overhead budget