The direct materials purchases budget is based on the sales budget.
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Q14: A strategic plan identifies strategies for future
Q15: Control is achieved by comparing actual results
Q16: The master budget is composed of operating
Q17: A firm should develop a strategic plan
Q18: The first budget to be prepared is
Q20: Budgets are financial plans for the future.
Q21: The cash budget includes the beginning balance
Q22: Budgets should be based on ideal standards
Q23: The sales budget is used directly in
Q24: Which of the following is true of
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