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EXERCISE 7-14 Direct Materials and Direct Labor Budgets (LO4, LO5) The production department of Priston Company has submitted the following forecast of units to be

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EXERCISE 7-14 Direct Materials and Direct Labor Budgets (LO4, LO5) The production department of Priston Company has submitted the following forecast of units to be pro- duced by quarter for the upcoming fiscal year Ist Quarter 2nd Quarter 3rd Quarter 4th Quarter Units to be produced 6,000 7,000 8,000 5,000

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