A master budget has the following components:

a. The sales budget shows the quantity and price of goods expected to be sold during the coming period.

b. The production budget shows the type and quantity of products expected to be produced.

c. The direct materials budget reflects the amount of raw materials expected to be purchased and used in production.

d. The direct labor budget indicates the expected labor requirements for production.

e. The manufacturing overhead budget reflects anticipated overhead costs.

f. The selling and administrative expense budget shows anticipated costs.

g. The cash budget shows expected cash receipts and disbursements.

h. The pro forma income statement indicates the expected net income for the period.

i. The pro forma balance sheet indicates anticipated levels of assets, liabilities, and owners' equity.