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ABC Company makes steel tool cabinets for offices. They are in the process of preparing a Master Budget including the Operating budget, Cash Statement, Income
| ABC Company makes steel tool cabinets for offices. They are in the process of preparing | ||||||||
| a Master Budget including the Operating budget, Cash Statement, Income Statement | ||||||||
| and Balance Sheet for 2020. The yearly budget is broken into quarters. The year end is | ||||||||
| 31st December 2020. Your group has been requested to compile a master budget for the | ||||||||
| fiscal year 2020. | ||||||||
| Package is to include the following budgets; | ||||||||
| 1. Sales budget for each quarter | ||||||||
| 2. Production budget for each quarter | ||||||||
| 3. Purchasing Budget for each quarter | ||||||||
| 4. Direct labour budget for each quarter | ||||||||
| 5. Manufacturing overhead budget for each quarter | ||||||||
| 6. Selling and Administration budget | ||||||||
| 7. Work sheets for Collections and Disbursements | ||||||||
| 8. Budgeted Income Statement | ||||||||
| 9. CVP Income Statement | ||||||||
| 10. Budgeted Cash Statement | ||||||||
| 11. Budgeted Balance Sheet | ||||||||
| Additional details: | ||||||||
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Auditing A Risk Based Approach to Conducting a Quality Audit
Authors: Karla Johnstone, Audrey Gramling, Larry E. Rittenberg
10th edition
1305080572, 978-1305465664, 1305465660, 978-1305080577
