The master budget is the composition of pro forma of balance sheet, cash budget, statement of cash flow and the capital budget. Income statement which is the last budget of operating budget which is an input for balance sheet. Thus, the master budget contains the operating budgets.
The master budget is prepared for one level of output and made before or at the start of the budgeting period. The master budget represents what revenues and costs are planned to be for the budgeted period. To determine manufacturing cost variances the actual results and flexible budget data have to be used.
The master budget is prepared for one level of output and made before or at the start of the budgeting period. The master budget represents what revenues and costs are planned to be for the budgeted period. Master budget do not include actual results.
The master budget is prepared for one level of output and made before or at the start of the budgeting period. The master budget represents what revenues and costs are planned to be for the budgeted period. It includes all applicable costs including costs that are not controllable by individual managers.
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