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Ben and Jerry's Homemade, Inc., make ice cream and frozen yogurt products. Describe some items that you would expect to find on each of the listed individual budgets.

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Once individual annual budgets have been prepared, they are combined into a large budget called the master budget. Some of the budgets included in the master budget are the sales, purchases, operating expenses, capital and cash budgets.

Ben and Jerry's Homemade, Inc., make ice cream and frozen yogurt products. Describe some items that you would expect to find on each of the above-listed individual budgets.

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Ben and Jerry's sales budget would include forecasted revenues for sales of its ice cream and yogurt for each month of the year. The purchases budget would describe the total raw materials purchases necessary to make the products required for sale each month (from the sales budget), plus any desired ending inventory. Since such raw materials all have a short life, It is unlikely ...

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