Master Budget for Managerial Cost Accounting Comprehensive plan is developed for all revenue and expenditures for the company used to integrate and coordinate the activities of various functional areas within the organization, (1) shown as a flow diagram for relationship of budgets included master budget (operating budget & financial budget), etc. (2) going over each of the operating budgets showing what is included in each, OPERATING BUDGET (Nine sub-budgets prepared in order), 1-Sales, 2-Production, 3-Direct Materials, 4-Direct Labor, 5-Factory Overhead, 6-Ending Inventory, 7-Cost of Goods Sold, 8-Selling & Admin. & 9-Income Statement, detailed discussion by Allen Mursau
