A master budget is a comprehensive financial plan setting forth the financial and operational goals of a business.

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A master budget is a detailed plan that outlines a company's financial and operational goals for a specific period, usually a fiscal year. It includes several budgets, such as sales, production, direct materials, direct labor, manufacturing overheads, selling, and administrative budgets, which are prepared separately and combined into one document. It is an essential tool for decision-making and forecasting financial performance.

A Master Budget Is a Comprehensive Financial Plan Setting Forth