Question
Explain why budgeting is important? You have been asked to prepare sales budget and production budget for 2023. The following information is available from the
Explain why budgeting is important?
You have been asked to prepare sales budget and production budget for 2023. The following information is available from the records:
|
| This Year 2022 | Next year 20233 |
| Quarter 1 | 2,000 | 4,000 |
| Quarter 2 | 2,500 | 5,000 |
| Quarter 3 | 3,000 | 6,000 |
| Quarter 4 | 3,500 | 7,000 |
| Total | 11,000 | 22,000 |
The selling price in 2022 was 90 and it will be 100 RM in 2023. The production manager also plans that there will be no ending inventory at the end of any quarter.
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Managerial Accounting Creating Value in a Dynamic Business Environment
Authors: Ronald W. Hilton
11th edition
125956956X, 978-1259569562
