Question: what are the two main categories of functional budgets?
Answer: (1). Sales budgets. it is the first budget which is an estimate of expected sales during the budget period. ... 
(2). Production Cost Budget. ... 
(3). Purchase Budget. ... 
(4). Labor Cost Budget. ... 
(5). Promotion Overhead Budget. ... 
(6). Capital Expenditure Budget. ... 
(7). Cash Budget. ... 
(8). Master Budget.