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    Master's Budget and Zero Based Budget

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    What does the master budget include? What are some of the reasons behind adopting a zero based budget? Who should be involved in the development of a budget?

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    Master Budget will include:

    Sales Budget will include sales forecast of products

    Production Budget will include estimation of production for various finished goods
    Purchase will include forecast of the inputs which are used.

    Operating expenses will include budget for labour, overheads such as office,selling, administration, distribution.

    Capital budget will include project anlaysis and using techniques ...

    Solution Summary

    This solution provides answers for various questions regarding a master budget and zero based budget.