Several components of the master budget are listed as follows: Direct materials budget Cost of

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Several components of the master budget are listed as follows:

● Direct materials budget

● Cost of goods sold budget

● Production budget

● Budgeted balance sheet

● Manufacturing overhead budget

● Sales budget

● Budgeted income statement

● Cash receipts and disbursements (combined cash budget)

a. Briefly describe what each particular budget includes.

b. Give the proper order in which these budgets are prepared.

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Managerial Accounting

ISBN: 9780137689453

1st Edition

Authors: Jennifer Cainas, Celina J. Jozsi, Kelly Richmond Pope

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