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Russo Manufacturing Company uses the following budgets: balance sheet, capital expenditures, cash, direct labour, direct materials, income statement, manufacturing overhead, production, sales, and selling and
Russo Manufacturing Company uses the following budgets: balance sheet, capital expenditures, cash, direct labour, direct materials, income statement, manufacturing overhead, production, sales, and selling and administrative expenses. Indicate whether each budget is an operating or a financial budget.
Budgeted balance sheet
Capital expenditures budget
Cash budget
Direct labour budget
Direct materials budget
Budgeted income statement
Manufacturing overhead budget
Production budget
Sales budget
Selling and administrative expenses budget
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