Raw materials budget purchase is usually followed by the preparation of the 1. Cash collection budget 2. Cash disbursement budget 3. Direct labor budget 4. Factory overhead budget O 1 O 2 O 3 4.
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.
![Raw materials budget purchase is usually followed by the preparation of the
1. Cash collection budget
2. Cash disbursement budget
3. Direct labor budget
4. Factory overhead budget
O 1
O 2
O 3](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F445086bb-0faf-42d9-a1c5-d72cde504338%2F096e3cee-922e-4531-b5d6-1d68c030b6b0%2Fyhuxn4_processed.jpeg&w=3840&q=75)
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