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Exam (elaborations)
ACC 222 Exam 2 Miami University with complete solution
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---5February 20232022/2023A+
- Master Budget Order of Preparation 
1. Sales Budget 
2. Production Budget 
3. Direct Materials Budget 
4. Direct Labor Budget 
5. Manufacturing Overhead Budget 
6. Ending Finished Goods Inventory Budget 
7. Selling and Administrative Expense Budget 
8. Cash Budget 
 
 
 
Sales Budget 
Shows the expected sales for the budgeted period. 
 
 
 
Production Budget 
Lists the number of units that must be produced to satisfy sales needs and to provide for desired finished goods inventory. 
 
 
 
Direct ...
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