1. Please match the following terms with their definitions.

   - A. B. C. D. E.	The basis for all operating budgets.
   - A. B. C. D. E.	Plans used in daily operations.
   - A. B. C. D. E.	A consolidation of operating budgets and financial budgets that establishes a company's financial plans for an accounting period.
   - A. B. C. D. E.	The basis for the direct materials, direct labor, and manufacturing overhead budgets.
   - A. B. C. D. E.	The group with overall responsibility for budget implementation.

   A.	Production budget
   B.	Budget committee
   C.	Master budget
   D.	Operating budgets
   E.	Sales budget