A comprehensive master budget does not include individual schedules for which of the following budgets?
A)materials purchase budget.
B)capital budget.
C)work-in-process budget.
D)cash outlays budget.

Question

Quizplus · Accepted Answer

A comprehensive master budget typically includes individual schedules for budgets such as sales, production, direct materials, direct labor, overhead, selling and administrative expenses, and cash budget. The work-in-process budget is a component of the production budget and is not typically separated into its own separate schedule within a comprehensive master budget. The materials purchase budget and cash outlays budget are typically included in a comprehensive master budget. The capital budget is a separate budget that is focused on long-term investments and is not typically included in the comprehensive master budget.

A Comprehensive Master Budget Does Not Include Individual Schedules for Which