ESTION 30 ease match the following terms with their definitions. V The basis for all operating budgets. A. Production budget V Plans used in daily operations. B. Budget committee A consolidation of operating budgets and financial C. Master budget budgets that establishes a company's financial plans D. Operating budgets for an accounting period. E. Sales budget V The basis for the direct materials, direct labor, and manufacturing overhead budgets. V The group with overall responsibility for budget implementation