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Which of the following statements about budgeting is correct? The direct materials budget is prepared before the sales budget. Depreciation on factory equipment should be
Which of the following statements about budgeting is correct? The direct materials budget is prepared before the sales budget. Depreciation on factory equipment should be included as a cash disbursement on a cash budget. Direct labor budget is based on budgeted production for the period. The first budget a company prepares in a master budget is the direct labor budget
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