Which of the following is not a component of the master budget?
A)Manufacturing overhead budget
B)Gross profit budget
C)Ending inventory and cost of goods sold budget
D)Production budget

Question

Quizplus · Accepted Answer

The gross profit budget is not a component of the master budget. The master budget typically includes a sales budget, production budget, direct materials budget, direct labor budget, manufacturing overhead budget, selling and administrative expense budget, and budgeted income statement, as well as supporting schedules such as the ending inventory and cost of goods sold budget.

Which of the Following Is Not a Component of the Master