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Explanation & Answer
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Accounting assignment
Name:
Affiliation:
2
Date:
Question 1
c) sales budget
All the other parts of the master budget depend on the information from the sales budget
such as the sales units and sales price.
Question 2
b) planning and control
A master budget is used for planning and control. It should, thus, demonstrate those
aspects.
Question 3
c) Holding mangers responsible only for items under their control
Question 4
d) self-imposed
Question 5
b) budgetary slack
In participat...