For a manufacturing business, a production budget, including budgets for direct material, direct labour and manufacturing overhead are part of the Select one: a. budgeted balance sheets. b. sales budgets. c. operating budgets. d. budgeted financial statements.
Master Budget
A master budget can be defined as an estimation of the revenue earned or expenses incurred over a specified period of time in the future and it is generally prepared on a periodic basis which can be either monthly, quarterly, half-yearly, or annually. It helps a business, an organization, or even an individual to manage the money effectively. A budget also helps in monitoring the performance of the people in the organization and helps in better decision-making.
Sales Budget and Selling
A budget is a financial plan designed by an undertaking for a definite period in future which acts as a major contributor towards enhancing the financial success of the business undertaking. The budget generally takes into account both current and future income and expenses.
![For a manufacturing business, a production budget, including budgets for direct material,
direct labour and manufacturing overhead are part of the
Select one:
a. budgeted balance sheets.
b. sales budgets.
c. operating budgets.
d. budgeted financial statements.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F80b65d45-0369-44cf-93f0-83f3907e7874%2Fc5632040-7981-44d8-9a73-e127a136a1e7%2F55ewzb9_processed.png&w=3840&q=75)
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