Access DSG’s income statement (www.DSGiplc.com) for the year ended April 28, 2007.

Required
1. Is DSG’s administrative expense budget likely to be an important budget in its master budgeting process? Explain.
2. Identify three types of expenses that would be reported as administrative expenses on DSG’s income statement.
3. Who likely has the initial responsibility for DSG’s administrative expense budget? Explain.