Question: A budgetary planning and control system may include many individual budgets which are integrated into a 'master budget'. You are required to outline and briefly

A budgetary planning and control system may include many individual budgets which are integrated into a 'master budget'.
You are required to outline and briefly explain with reasons the steps which should normally be taken in the preparation of master budgets in a manufacturing company, indicating the main budgets which you think should normally be prepared.

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