Respuesta :

meerkat18
"which line items of the budgeted balance sheet are calculated" based on operating budgets: finished goods inventory, raw materials inventory, and retained earnings. Operating Budgets are completed in leading of the accounting period, that is why they require approximated expenses and revenues.
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  • Sales budget.
  • Production budget.
  • The budget for the cost of goods sold.
  • Sales cost budget.
  • The budget for general and administrative costs.
  • Budget profit and loss calculation.

Further Explanation

A master budget is a strategic management plan for the company's future. Every aspect of the company's operations is mapped and documented for future predictions. All functional divisions of the organization prepare budgets for certain divisions. The master budget is the total amount of all division budgets prepared by all divisions. The final result of the operating budget is the performance of the Comprehensive Income Statement. While the financial budget is an investment budget (capital expenditure budget), cash budget (cash budget), and proforma financial position report.

Master Budget Classification

In detail, the master budget is further divided into two classifications which of course relate to the goals that the company has planned:

  • Operational Budget
  • Financial Budget

Operational Budget

The operational budget is a budget that contains the calculation of income statements and additional reports relating to the company's operations.

Examples of operational budgets such as:

  1. Sales budget;
  2. Production budget;
  3. The budget for the cost of goods sold;
  4. Sales cost budget;
  5. The budget of general and administrative costs;
  6. Budget profit and loss calculation.

Learn more

Definition of master busget https://brainly.com/question/7290692

classifications master budget https://brainly.com/question/7290692

Definition Operational budget https://brainly.com/question/7290692

Details

Grade: High School

Subject: Business

keywords: Master budget, Operational budget, classifications master budget.

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