MEMO From: Operational Accountant To: Vice President Date: March 28, 2024 Subject: Cost structures and types of costs This memo aims to provide a comprehensive understanding of cost structures, types of costs, and the importance of accurate budgeting in our organization. Stakeholders and Master Budget Stakeholders who interact with and rely on the master budget include: (Budget Communication, n.d.) Employees: They use the budget to understand the organization's direction and their role in attaining the budgeted goals. Management Team: They use the budget to develop and plan strategies, coordinate activities across subunits, communicate expectations across the organization, and control resources. Investors/shareholders: They use the budget to assess and analyze the organization's financial health