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Discuss the components of each of the following manufacturing cost budgets (What each budget proposes to do or accomplish and the elements): 1. Production Budget

Discuss the components of each of the following manufacturing cost budgets (What each budget proposes to do or accomplish and the elements):

1. Production Budget

2. Direct materials purchases budget

3. Direct labor budget

4. Factory overhead budget

5. Cost of goods manufactured budget

6. Cost of goods sold budget

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