The master budget process usually ends with:
A) The production budget.
B) The sales budget.
C) The selling expense budget.
D) The budgeted balance sheet.
E) The overhead budget.

Question

Quizplus · Accepted Answer

The master budget process typically ends with the preparation of the budgeted balance sheet, as this document summarizes the financial position of the company based on the budgeted results of operations, capital expenditures, and financing activities included in the various components of the master budget. The other choices listed are important components of the master budget, but they typically occur earlier in the planning process and are used to develop the overall financial plan for the company.

The Master Budget Process Usually Ends With