CH 22 Master Budget Components

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Operating Budgets

These budgets focus on Revenues and Expenses, items found on the income statement

DM DL MOH budgets

COGS Budget flows from ..... , ....... , and ......

Sales Budget Production Budget DM budget, DL budget, MOH budget COGS Budget Selling and Administration Expense Budget

The Operating budget consists of:

Cash Budget

The budget that shows inflows and outflows of cash and how to get to desired cash balance

Cash budget Budgeted income statement Budgeted balance sheet Budgeted statement of cash flows

The financial budget consists of:

operating budget capital expenditures budget financial budget

The master budget includes three types of budgets:

Budgeted statement of cash flows

This statement is usually the last to be completed in a financial budget 3 sections: operating, investing, financing

Budgeted income statement

This statement uses the operating budgets

Production Budget

used to prepare the DM, DL, and MOH budgets

Sales Budget

used to prepare the production budget


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