The master budget includes two components: an operating budget and a flexible budget.
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Q8: The master budget starts with a series
Q9: Managers need information from about current beginning
Q10: The ending inventories budget is typically expressed
Q11: Budgets are generally developed for the organisation
Q12: The production budget requires a forecasted level
Q14: The master budget reflects the entity's future
Q15: Beginning inventory plus budgeted production equals sales
Q16: Preparation of the operating budgets should start
Q17: A budget is a formalised financial plan
Q18: The cash budget is part of the
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