Sales budget
Ending inventory budget
Production budget
Direct materials budget
Direct labor budget
Manufacturing overhead budget
Marketing and sales expense budget
Administrative expense budget
Budget reports
The master budget summarizes the financial projections of all of a company's departmental budgets.
- forecast profit and loss statement
- forecast cash flow statement
- forecast balance sheet
The budgeting process can be divided into two parts
- operational budgeting
- financial budgeting
The operational budget consists of
- sales budget
- production budget
- ending inventory budget
- direct materials budget
- manufacturing overhead expense budget
- direct labor budget
- marketing and sales expense budget
- administrative expense budget
- forecast profit and loss statement
The financial budget consists of
- investment budget
- cash budget
- forecast balance sheet