Ch 8 SB ACCT 252

A number of separate, but interdependent, budgets that formally lay out the company's sales, production, and financial goals are contained in the _________ budget.

Master

An integrated business plan that formally lays out the company's goals is called the _________ budget.

Master

In a manufacturing company, which budget is used as the basis for creating the direct materials budget, the direct labor budget, and the manufacturing overhead budget?

Production

The first step in the budgeting process is the preparation of the ___________ budget.

Sales

The cash budget _______.

is prepared near the end of the master budget process.

Both the production and selling and administrative expense budgets are prepared using information directly from the ________budget

sales