MANAGEMENT ACCOUNTING MANAGEMENT ACCOUNTING ACCOUNTING Author’s Note: Part A 2 Formulation of Master Budget 2 Part B 8 Analysis of Production Program 8 Part C 10 Participative Budget and Imposed Budget 10 Reference 12 Part A Formulation of Master Budget Figure 1: (Image Showing Sales Budget) Source: (Created by Author) Figure 2: (Image Showing Production Budget) Source: (Created by Author) Figure 3: (Image Showing Direct Labour Budget) Source: (Created by Author