pter $22$: OPTIONAL Practice Questions $($EXTRA CREDIT AVAILABLE$)$

$22\mathrm{.}1$ Effective Budgeting and the Master Budget

$22\%$

Philip is a manager who oversees raw materials ordering, inventory levels, employee efficiency and productivity, and assembly line maintenance. Which of the following budgets would Philip most likely help develop?

sales budget

manufacturing overhead budget

capital expenditure budget

selling and administrative expense budget