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Answer:A master budget is used to project the income and expenses of a company. ... The major components of a master budget include income and expenses, overhead and production costs, and the monthly, annual, average and projection totals.
Explanation:A master budget is a financial document that includes how much an organization plans to make and how much they plan to spend over a fiscal year, usually broken down into quarters or months. It may also include text explanations of how the budget can help the company reach its strategic goals.
A management team uses various budgeting methods as a central planning tool to coordinate activities in their organization through master budget. Read below about master budget.
What is a master budget?
A master budget is a financial statement that incorporates the amount an organization plans to make and how much they plan to spend over a fiscal year, usually broken down into quarters or months.
Therefore, the correct answer is option A. master budget.
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