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Consider the master budgeting process for a manufacturer and answer the following questions. a. Briefly describe an overview of the master budgeting process. b. List

  1. Consider the master budgeting process for a manufacturer and answer the following questions.

a. Briefly describe an overview of the master budgeting process.

b. List and briefly describe each of the operational budgets in a master budget.

c. List and briefly describe each of the financial budgets or proforma financial statements in a master budget.

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