What problems might arise if a firm relies solely on management estimates in preparing the master budget?

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Fundamentals of Cost Accounting

ISBN: 978-0077398194

3rd Edition

Authors: William Lanen, Shannon Anderson, Michael Maher

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Question Posted: Apr 26, 2012 04:07 AM

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What problems might arise if a firm relies solely on management estimates in preparing the master budget?

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Because middle management has better knowledge about operation...View the full answer

Fundamentals of Cost Accounting

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