Master BudgetNameCourseInstitutionDateMaster Budget.The master budget is the overall quantification of the budgeting plan. The master budget sets the specific targets for production, sales, distribution and financing activities. The budget is a comprehensive layout of the managements` future plans and the means through which these plans are to be accomplished. The master budget, therefore, combines all the budgets of the various departments in an organization CITATION Ass10 l 1033 (Technicians, 2010). Major inputs of a master budgetThe master budget is made up of both the production and non-production budgets. Among the production budgets include: Material Budget; Labor Budget; Finished Goods Budget; Sales Budget; and Manufacturing Overhead Budget. Non-production budgets include: selling and distribution budgets; Administration Budgets; Cash Budgets; Research and Development Budget; Budgeted Balance Sheet; and the Budgeted Income Statement.The sales budget gives the budgeted volume of sales mix of the current operations. A sales forecast is prepared first upon which the sales budget is finalized. It shows the expected sales volume and value for the given budget period. Among the factors considered when preparing a sales budget include the actual sales in the previous period, the sales reports from sales executives, market research information and the level of orders already plac...