An operating budget is the major part of a master budget, and focuses on the income statement and its supporting schedules.

Name: An operating budget is the major part of a master budget, and focuses on the income statement and its supporting schedules.
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An operating budget is indeed a major part of a master budget and it focuses on the income statement and its supporting schedules, including sales forecasts, production budgets, and expenses budgets.

An Operating Budget Is the Major Part of a Master