The first step in preparing a master budget is to prepare ______.
a. The sales budget
b. The production budget
c. The labor budget
d. The selling, general and administration budget
Answer: a. The sales budget
The first step in preparing a master budget is to prepare ______.
a. The sales budget
b. The production budget
c. The labor budget
d. The selling, general and administration budget
Answer: a. The sales budget