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7) Which of the following alternatives reflects the proper order of preparing components of the master budget? 1. Production budget 2. Sales budget 3. Direct

7) Which of the following alternatives reflects the proper order of preparing components of the master budget?

1. Production budget

2. Sales budget

3. Direct materials budget

A) 2, 3, 1

B) 1, 3, 2

C) 3, 1, 2

D) 2, 1, 3

PLEASE SHOW ANSWER AND PROVIDE EXPLANATION!

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