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Why should the timing of direct materials purchases be closely coordinated with the production budget? Discuss the purpose of the cash budget. Give an example

  1. Why should the timing of direct materials purchases be closely coordinated with the production budget? Discuss the purpose of the cash budget.
  2. Give an example of how the capital expenditures budget affects other operating budgets.
  3. If the cash for the first quarter of the fiscal year indicates excess cash at the end of each of the first two months, how might the excess cash be used?

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