Intro to Master Budget
LESE 306 Fall 2008
Master Budget Preparation
• Annual operating budgets
– – – – – Sales budget: number of units sold Production budget: output and inventory Direct materials budget: materials used Direct labor budget: labor used Other budgets: selling and administrative
– Inputs to preparing the cash budget
• Other annual budgets and statements
– – – – Capital expenditure budget Preparing budgeted cash flow statement Preparing budgeted income statement Preparing budgeted year end balance sheet
Sales Budget
Production Budget
Direct Materials Budget
Direct Labor Budget
Overhead Budget
Selling and Administrative Expense Budget Capital Expenditure and Cash Budgets
Budgeted Cash Flow Statement
Budgeted Income Statement
Budgeted Balance Sheet
Page 1 of the Master Budget
Page 2 of the Master Budget
Page 3 of the Master Budget