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Order the master budget build

Exercise and reference answers

Steps
  1. Sales budget
  2. Production budget
  3. Materials purchase
  4. Direct labor cost
  5. Cost of goods sold
  6. Budgeted income
Instructions
Tap the budgets in the order they are prepared.

Explanation

_Source: Jonick, Principles of Managerial Accounting, section 7.5 Operating Budget_
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