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2. Define a budget. How is a budget different from a forecast? 3. Mention four uses of budgets? As an IE, why understanding and preparing

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2. Define a budget. How is a budget different from a forecast? 3. Mention four uses of budgets? As an IE, why understanding and preparing budgets are important skill for you in your future career? 4. A plant produces 15,000 units/month. Find breakeven level if FC = $75,000 /month, revenue is $8/unit and variable cost is $2.50/unit. Determine expected monthly profit or loss

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