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1. Please provide a brief introduction to the company. The introduction should include: - Name of company - Location of company - Name of owner
1. Please provide a brief introduction to the company. The introduction should include: - Name of company - Location of company - Name of owner - Nature of the business. - Type of product - Fiscal period 2. For the company that you have selected - Prepare a 12-month Master Budget. Your submission must show each month's activities - for example January, February, March etc. 3. Include a column and a line Total and complete calculations of them by months and by Item line. 4. Here are some considerations to include: - You must forecast your sales, purchases, direct labour and manufacturing overhead for each month and any other information as required. - All sales are on accounts - Expected collections are to be 50% in the month of the sale, 30 % in the first month following the sale, and 20% in the second month following the sale. - Production The company will end each month with sufficient inventory to cover 20% of the following month's sales. The new year started with 600 units in stock and plan to finish each year with 825 units in stock. - It pays 60% of direct materials purchase in cash in the
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