Question: Describe the basic flow of the various operating budgets within the master budget for a manufacturing firm. This should include a discussion of which budget

Describe the basic flow of the various operating budgets within the master budget for a manufacturing firm. This should include a discussion of which budget is prepared first, and how that budget is used to prepare the next budget(s). 

 Do not need to go into detail about the calculations for every budget.

 

B- Select three different items out of any of the budgets and discuss how an error in one could impact other budgets that come later.

 

Please help and explain mainly:  (B) Select three different items out of any of the budgets and explain how an error in one could impact other budgets that come later (stuck on this part, please explain with examples). 

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Basic Flow of Operating Budgets A master budget is a comprehensive financial plan that includes various operating budgets These budgets work together to provide a holistic view of the companys financi... View full answer

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