Explain in laymans terms how operating budgets are used


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Managers must understand the budgeting process to help them with their planning and organizing activities. Your managerial accounting professor just gave a lecture about operating budgets and their role in the overall budgeting process. However, a fellow classmate is still unsure about how operating budgets work. She wants you to explain in layman's terms how operating budgets are used to coordinate business activities.

The response must include a reference list. Using Times New Roman 12 pnt font, double-space, one-inch margins, and APA style of writing and citations.

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Managerial Accounting: Explain in laymans terms how operating budgets are used
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