Select a small local store, in your area who manufactures goods and sell it to customers all
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Question:
Select a small local store, in your area who manufactures goods and sell it to customers all through the year. Conduct an interview and identify/analyze their entire manufacturing process. Based on your interview data, you will have to prepare a Master Budget for that “shop” for the next financial year, i.e., 2022.
Prepare a forecasted Income statement and Balance sheet for the year 2022 from your master budget.
The master budget should include: Sales budget (price, quantity and AR), production budget, Direct Material budget (including AP), Direct Labor budget, MOH budget, Selling and Admin budget (including AP, if any) and Cash budget
Related Book For
Consumer Behavior Buying, Having and Being
ISBN: 978-0133450897
11th edition
Authors: Michael R. Solomon
Posted Date: