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include a Master Budget Plan in which a plan is created to manage a company's manufacturing and sales activity to meet profit and cash flow
include a Master Budget Plan in which a plan is created to manage a company's manufacturing and sales activity to meet profit and cash flow goals. The Master Budget Plan will include several smaller budgets which cover all parts of the organization, allowing the master budget to be realistic, but not insensible. The Master Budget Plan will usually include sales, production, direct materials, direct labor, manufacturing overhead, sellingfadrninisoative, capital acquisitions, cash budgets and budgeted financial statements. (Holtzrnan)
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