The master budget process usually ends with:

A) The production budget.
B) The sales budget.
C) The selling expense budget.
D) The budgeted balance sheet.
E) The overhead budget.

Master Budget

A comprehensive financial planning document that consolidates all of an organization's budgets, including income, expenses, and capital.

Budgeted Balance Sheet

A financial report projected for the future that outlines a company's expected financial position, including assets, liabilities, and equity at a specific time.

Selling Expense Budget

A projection of the costs associated with selling a product or service, including advertising, sales staff salaries, and commissions.