1. Building the Master Budget involve:
   1. The Sales Budget.
   2. The Production Budget
   3. Expected Cash Collections Budget
   4. The Direct Materials Budget
   5. Expected Cash Disbursement Budget
   6. The Direct Labor Budget
   7. Manufacturing Overhead Budget
   8. Ending Finished Goods Inventory Budget
   9. Selling and Administrative Expense Budget
   10. The Cash Budget
   11. The Budgeted Income Statement
   12. The Budgeted Balance Sheet

Full Explanations