CASE 1 Mini Cases (10 points each) Bob Bingham is the controller of Atlantis Laboratories, a manufacturer and distributor of generic prescription pharmaceuticals. He is currently in the process of preparing the annual budget and reviewing the current business plan. The business unit managers of Atlantis prepare and assemble the detailed operating budgets, with technical assistance from the corporate accounting staff. The final budgets are then presented by the business unit managers to the corporate executive committee for approval. The corporate accounting staff reviews the budgets for adherence to corporate accounting policies, but no detailed review for reasonableness of the line items within the budget is done. Bingham is aware that the upcoming year for Atlantis may be a difficult one due to the expiration of a major patent and the loss of a licensing agreement for another product line. He also knows that during the budgeting process for discretionary expense centers, the business unit managers simply s