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Budget Sequence. Indicate the order in which the following budget schedules are prepared. Direct materials purchases Manufacturing overhead Income statement Direct labor Selling and administrative

Budget Sequence. Indicate the order in which the following budget schedules are prepared.

  1. Direct materials purchases

  2. Manufacturing overhead

  3. Income statement

  4. Direct labor

  5. Selling and administrative

  6. Cash

  7. Production

  8. Balance sheet

  9. Sales

  10. Capital expenditures

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