152.Describe a master budget and the sequence in which the individual budgets within the master budget are prepared. 153.Describe at least five benefits of budgeting. 154.Why is the sales budget...

152.Describe a master budget and the sequence in which the individual budgets within the master budget are prepared.

153.Describe at least five benefits of budgeting.

154.Why is the sales budget usually prepared first?

155.At the beginning of the period, the Cutting Department budgeted direct labor of $30,000 and supervisor salaries of$20,000 for 3,000 hours of production. The department actually completed 5,000 hours of production. Determine thebudget for the department assuming that it uses flexible budgeting.