Access KTM’s income statement (in Appendix A) for the business year 2011.

Required
1. Is KTM’s infrastructure and administration 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 infrastructure and administration expenses on KTM’s income statement.
3. Who likely has the initial responsibility for KTM’s infrastructure and administration expense budget? Explain.