Which of the following an example of an operating budget? Capital expenditures budgets sales budget cash budget Budgeted retained earnings statement. Company X is preparing a plan for timing acquisitions of buildings, equipment, or other significant assets. Which budget is It preparing? Factory overheads budget Capital expenditures budget Production budget Sales budget Which of the following observations is true of theoretical capacity of production? It a Rows tor some idle capacity. It is the Ievel of production required to meet normal sales demand. It represents the usage amount assuming not loss in the process. It is used by moat manufacturing firms for budget development