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Prepare the production budget and direct labor budget: Additional Information: The Goldman Tire Company manufactures racing tires for bicycles. Goldman sells tires for $80 each.

image text in transcribed Prepare the production budget and direct labor budget:

image text in transcribed

Additional Information:

image text in transcribed

The Goldman Tire Company manufactures racing tires for bicycles. Goldman sells tires for $80 each. Goldman is planning for the next year by developing a master budget by quarters. Goldman's balance sheet for December 31, 2016, follows

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