Which of the following is not a component of the master budget?
A)Manufacturing overhead budget
B)Horizontal budget
C)Ending inventory and cost of goods sold budget
D)All of these answer choices are components of the master budget.

Question

Quizplus · Accepted Answer

A horizontal budget is not a component of the master budget. The components of the master budget typically include sales budget, production budget, direct materials budget, direct labor budget, manufacturing overhead budget, selling and administrative expense budget, cash budget, and budgeted income statement. The ending inventory and cost of goods sold budget is often included as part of the production budget.

Which of the Following Is Not a Component of the Master