Apple Inc. discuss how the income statement budget would be created for a year starting with the sales budget through the SG&A budget.

As per my discussion form Apple Inc. annual report 2020, its SG&A in last 3 years costs increase from $16,705M (2018) to $19,916M (2020) with launch of iphoneX series, the affordable price iphoneXR and iphone11 series in 2018-19 respectively. (Apple Report, 2020)

According to Frobes, Operating Expenses of Apple Inc. increased from $156 B in 2016 to $196 B in 2019, $30 B increase in cost of sales, a $6 B increase in R&D spending, and a $4 B increase in SG&A expenses. (Frobes, 2019)

Must includes:

Be specific in describing the component line items of each

Identify the individuals that would be involved in developing the budgets