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Required: Prepare the followQuestion 2 - Cash Budgets The last annual budget for Korara indicated that the company's budgeting milestones were not being achieved. Management

Required: Prepare the followQuestion 2 - Cash Budgets The last annual budget for Korara indicated that the company's budgeting milestones were not being achieved. Management is concerned with the situation and have asked you to break down the previous annual budget and use this as a basis for forecasting a budget for the next quarter. You extract the following data for the quarter ending 30 June 2017: Actual Salesing budgets for year ending 30 June 2017 as per company policies and procedures: a) Sales Budget; b) Production Budget; c) Raw Materials Usage Budget; d) Raw Materials Purchases Budget (in units and dollars); e) Direct Labour Budget; f) Manufacturing Overhead Budget; g) Cost of Production Budget; h) Cost of Goods Sold Budget; and i) Budgeted Trading Statement

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