Which of the following is not a component of the master budget?
A)Indirect cost budget
B)Direct material purchases 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

Indirect cost budget is not a component of the master budget. The components of the master budget typically include a sales budget, production budget, direct materials purchases budget, direct labor budget, overhead budget, selling and administrative expenses budget, capital expenditures budget, cash budget, and budgeted income statement and balance sheet.

Which of the Following Is Not a Component of the Master