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The budgeted income statement is a combination of: All the operating budgets. All the operating budgets plus the budgeted balance sheet. The direct materials budget,

The budgeted income statement is a combination of:

All the operating budgets.

All the operating budgets plus the budgeted balance sheet.

The direct materials budget, the direct labor budget, and the manufacturing overhead budget.

The production budget, the cost of goods sold budget, and the selling and administrative expense budget.

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