Milestone 1:

Please prepare the following budgets:

1. Sales Budget
2. Production Budget
3. Purchases Budget

Please submit Milestone 1 at the end of Week 6.

Milestone 2:

Please prepare the following budgets:

1. Labor Budget
2. Variable Overhead Budget
3. Fixed Overhead Budget
4. Budgeted Cost of Goods Manufactured
5. Budgeted Income Statement

Please submit Milestone 2 at the end of Week 7.

Milestone 3:

1. Budgeted Balance Sheet
2. Cash Budget
3. Budget Presentation and please address the following questions:
4. The sales manager would like to increase the sales price by 10 next quarter, what will be the projected revenues be for the 2ndquarter.
5. The production manager would like to purchase new equipment for next quarter due to the fact that their competitor has purchased equipment which cost $50,000. Will the company be able to make the purchase or will you need more information?
6. The CEO feels that the cash budget is not necessary, please explain to the CEO why cash budgeting is important to the organization.
7. Please explain the to the management team how a competitor's actions can affect business planning.

Answer rating: 100% (QA)

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