Classifying, Components of Master Budget
Classify each of the following budgets as an operating (O) or financing (F) budget.
a.Cash receipts and disbursements budget
b.Sales budget
c.Raw materials purchases budget
d.Selling and administrative expense budget
e.Budgeted balance sheet
f.Manufacturing overhead budget
g.Direct labor budget
h.Budgeted income statement
i.Production budget
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