Question: 19. The starting point in developing the master budget is the preparation of the A) cash budget B) production budget C) sales budget D) budgeted

19. The starting point in developing the master budget is the preparation of the A) cash budget B) production budget C) sales budget D) budgeted income statement 20. Magnolia, Inc. has budgeted sales for the first quarter of the next year to be 45,000 units. The inventory on hand at the beginning of quarter is 5,000 units. The desired ending inventory is 3,000 units, Calculate the budgeted production for the first quarter A) 3,000 units B) 48,000 units C) 40,000 units D) 43,000 units

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