The master budget includes all the projections of company's budget and focuses on __________?
Correct answer: D. both B and C
- A. serial correlation
- B. marketing plan
- C. financial plan
- D. both B and C
Explanation
The master budget consolidates all departmental projections, including operating plans such as marketing and the financial plan. Therefore, both the marketing plan and financial plan are relevant components.
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About Cost Accounting
Cost accounting measures and analyses the cost of producing goods or providing services for planning, control and pricing decisions. It covers direct and indirect costs, fixed and variable costs, job and process costing, break-even analysis, marginal costing, overhead allocation, and the difference between product cost and period cost.
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