The Master Budget
Read section 9.3. The master budget for Jerry's Ice Cream includes separate budget schedules for sales, production, direct materials, direct labor, manufacturing overhead, selling and administrative, the income statement, capital expenditures, cash, and the balance sheet. The sales budget is most important because sales projections drive the other budgets.
To get the most out of this unit, you should attempt to recreate your own master budget for Jerry's Ice Cream using Microsoft Excel or other spreadsheet software.
Click https://saylordotorg.github.io/text_managerial-accounting/s13-03-the-master-budget.html link to open resource.