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Question(s) / Instruction(s):

There are various budgets within the master budget. One of these budgets is the production budget. Which of the following BEST describes the production budget?

a)            It details the required direct labor hours.

b)            It details the required raw materials purchases.

c)            It is calculated based on the sales budget and the desired ending inventory.

d)            It summarizes the costs of producing units for the budget period.

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