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Q2. Budgeting is an accounting tool for planning and controlling purposes. Kindly, prepare using your own numbers the following operating budgets for any quarter :.(

Q2. Budgeting is an accounting tool for planning and controlling purposes. Kindly, prepare using your own numbers the following operating budgets for any quarter :.( 2.5 marks)

  1. Sales budget.
  2. Production budget assuming beginning inventory and ending inventory.
  3. Raw material budget assuming beginning and ending inventory.
  4. Direct labour budget.
  5. Manufacturing overhead budget.

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