Question: A key difference between a master budget prepared for a merchandiser versus a manufacturer is depreciation expense is included in the general and administrative expense

A key difference between a master budget prepared for a merchandiser versus a manufacturer is
depreciation expense is included in the general and administrative expense budget for a manufacturer
budgeted balance sheet for a merchandiser will report only one asset for inventory
budgeted balance sheet for a manufacturer will report only one asset for inventory
a manufacturer will prepare a merchandise purchases budget instead of a production, direct materials, direct labor and overhead budget.
A key difference between a master budget prepared for a merchandiser

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