Budget: It is an estimated financial plan for future time period. It is used by management as an internal tool. It is prepared for a defined period of time. To explain: Difference between production and manufacturing budget

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Chapter 7, Problem 11DQ

To determine

Budget:

It is an estimated financial plan for future time period. It is used by management as an internal tool. It is prepared for a defined period of time.

To explain: Difference between production and manufacturing budget

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