match the following terms with their definitions. Question 31 options: A consolidation of operating budgets and financial budgets that establishes a company's financial plans for an accounting period. The basis for the direct materials, direct labor, and manufacturing overhead budgets. The group with overall responsibility for budget implementation. Plans used in daily operations. The basis for all operating budgets. 1. Production budget 2. Budget committee 3. Master budget 4. Operating budgets 5. Sales budget