Budgeted operating income includes budgeted interest expense. budgeted income taxes. budgeted cost of goods sold. budgeted net income. none of these. QUESTION 4 Budgets are 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 Overhead budget.