What is characteristic of the master budget?

Question

Quizplus · Accepted Answer

The master budget is designed to reflect the yearly plan of the organization and can take into account any seasonal effects that may impact the business.

Answer: B 
 Monthly budgets are typically derived by dividing the annual figures in the master budget by 12, allowing for a more detailed breakdown of the yearly plan.

Answer: C 
 While fixed costs are a component of the master budget, they can change from one month to another depending on the organization's needs, such as a change in rent for a leased property.

Answer: D 
 Variable costs on the master budget can change from one month to another as the business environment and needs change.

What Is Characteristic of the Master Budget