7.2 Which of the following statements is not correct? A. The sales budget is computed by multiplying

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7.2 Which of the following statements is not correct?

A. The sales budget is computed by multiplying estimated sales by the sales price.

B. The production budget begins with the sales estimated for each period.

C. The direct materials budget begins with the sales estimated for each period.

D. The sales budget is typically the first budget prepared.

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