Which of the following is a major part of the master budget that focuses on the income statement and its supporting schedules?

Question

Quizplus · Accepted Answer

The operating budget is a major part of the master budget that focuses on the income statement and its supporting schedules. It includes budgets for sales, production, direct materials, direct labor, and overhead expenses. It helps to project the revenue, cost of goods sold, and gross profit for the company.

Which of the Following Is a Major Part of the Master