(Answered) Question 1 what are the major benefits of budgeting2 what

Accounting

Question: 1. What are the major benefits of budgeting?

2. What is the main responsibility of the budget committee?

3. What is the usual time period covered by a budget?

4. What are rolling budgets?

5. A master budget

(a) always includes a manufacturing budget specifying the units to be produced;

(b) is prepared with a process starting with the operating budgets and continues with the capital expenditures budget and then financial budgets; or

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