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11. Which of the following represents the normal sequence in which the indicated budgets areprepared?a. Production, Cash, Income Statementb. Direct Materials, Cash Sales c. Production,

image text in transcribed 11. Which of the following represents the normal sequence in which the indicated budgets areprepared?a. Production, Cash, Income Statementb. Direct Materials, Cash Sales c. Production, Manufacturing Overhead, Salesd. Sales. Balance Sheet. Direct Labor

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