A Master Budget consists of

A. Sales budget

B. Production budget

C. Material budget

D. All of the above

Answer: Option D

Solution(By Examveda Team)

A Master Budget consists of Sales budget, Production budget and Material budget. The master budget is the aggregation of all lower-level budgets produced by a company's various functional areas, and also includes budgeted financial statements, a cash forecast, and a financing plan.

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