Functional budget (meaning and example)

Functional budget (meaning and example)

The functional budget is one that relates to any of the functions of an organization. The number of functional budgets depends upon the size and nature of the business. The following are the commonly used:

  • Sales budget
  • Purchase budget
  • Production budget
  • Selling and distribution cost budget
  • Labor cost budget
  • Cash budget
  • Capital expenditure budget

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