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Preparation of master budgets in manufacturing company

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Reference no: EM132771951

Problem 1: A budgetary planning and control system may include many individual budgets which are integrated into a 'master budget'. You are required to outline and briefly explain with reasons the steps that should normally be taken in the preparation of master budgets in a manufacturing company, indicating the main budgets which you think should normally be prepared.

Reference no: EM132771951

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