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In the budget process described in your textbook and discussed in class, we learned that many separate (but interrelated) budgets are prepared each period and

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In the budget process described in your textbook and discussed in class, we learned that many separate (but interrelated) budgets are prepared each period and are combined to form the "master" budget. Which of the following represents an accurate (partial) ordering of the preparation of some of these budgets? Production budget Materials purchases budget Mfg Overhead budget Sales budget Sales budget Materials purchases budget Mfg Overhead budget > Production budget Sales budget Mfg Overhead budget Budgeted income statement Materials purchases budget Sales budget Production budget > Materials purchases budget > Budgeted income statement Production budget Cash disbursement budget > Budgeted income statement Mfg Overhead budget

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