Cornerstones of Managerial Accounting 4th Edition by Maryanne Mowen, Don Hansen, Dan Heitger

Exercise 17

Before a direct materials purchases budget can be prepared, you should first
A) prepare a sales budget.
B) prepare a production budget.
C) decide on the desired ending inventory of materials.
D) obtain the expected price of each type of material.
E) do all of these.