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What are the three major objectives of budgeting? Under what circumstances would a static budget be appropriate? Why should the production requirements set forth in

  1. What are the three major objectives of budgeting?
  2. Under what circumstances would a static budget be appropriate?
  3. Why should the production requirements set forth in the production budget be carefully coordinated with the sales budget?
  4. Why should the timing of direct materials purchases be closely coordinated with the production budget?

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