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Which of the following sequences is correct? A) Sales budget - production budget - direct materials budget - budgeted income statement B) Budgeted income statement

Which of the following sequences is correct? A) Sales budget - production budget - direct materials budget - budgeted income statement B) Budgeted income statement - direct materials budget - production budget - sales budget C)Cash receipts budget - sales budget - production budget - budgeted income statement D)Inventory budget - production budget - sales budget - selling and administrative budget

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