A Purchases Budget Is Used Instead Of A Production Budget By

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A purchases budget is used instead of a production budget by Points : 2 merchandising companies. service enterprises. not-for-profit organizations..The budget committee would not normally include the. external auditor. Which of the following statements about a budgeted income statement is not true? The budgeted income statement is prepared after the financial budgets are prepared. A purchases budget is used instead of a production budget by. merchandising .