Master Budget
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Once individual annual budgets have been prepared, they are combined into a large budget called the master budget.
Some of the budgets included in the master budget are the sales, purchases, operating expenses, capital, and cash budgets.
Ben and Jerry's Homemade, Inc., makes ice cream and frozen yogurt products. Describe some items that you would expect to find on each of the above-listed individual budgets.
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Once individual annual budgets have been prepared, they are combined into a large budget called the master budget.
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Some of the items which we will find under:
Sales budget: Forcasting sales in dollars as well as in units.
Purchases budget: Desired ending inventory + Cost of goods sold + Beginning inventory.
Supplies or raw materials will be found under the purchase budget, such ...
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