Master budget is an expensive strategy and some of the major elements that form the master budgets are the over head and the production the cost and the expenses . The budgeting process is master budgeting and it is always effective
Explanation:
Master budgeting is something that includes the future calculated value and the future income and the expenses of the company and the level at which the expenses are maintained are all contained in the master budget
There are two types of budgets the operational budgets and the financial budgets and the main elements of the master budgets are the overall incomes and the expenses the future investments the predicted total production of the company are all taken into account
