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Describe a master budget and the sequence in which the individual budgets within the master budget are prepared.

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neilsimonjadormeo0

Answer:

The production budget is needed to figure out direct materials, direct labor and manufacturing overhead budgets. Once these are all done, then comes the finished goods inventory budget. Once all of these budgets are done, we can do a cash budget, income statement and balance sheet to finish off the process.

Explanation:

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