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The management of ABC Manufacturing is preparing the budget for the upcoming year. Given the following information: Sales forecast: 10,000 units at $50 each Variable
The management of ABC Manufacturing is preparing the budget for the upcoming year. Given the following information:
- Sales forecast: 10,000 units at $50 each
- Variable costs per unit: $20
- Fixed costs: $100,000
- Desired ending inventory: 500 units
Prepare the following budgets: a. Sales budget b. Production budget c. Direct materials purchases budget d. Cash budget
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