Parts of Master Budget The Sales Budget The Production Budget The Direct Materials Budget
The Sales Budget A detailed schedule showing expected sales expressed in both dollars and units Sales Budget Example
The Production Budget A detailed plan showing the number of showing that must be produced during a period in order to satisfy both sales and inventory needs. Example of Production Budget
The Direct Materials Budget A detailed planning showing the amount raw materials that must be purchased to full fill the production budget and to provide for adequate inventories. Example of Direct Materials Budget