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A master budget is the compilation of forecasts for coming year or operating cycle made of many departments or function in an organization.
1. What is the most significant forecast made in the master budget? Mention the reasons for your answer.
2. Which budgets must managers prepare before they can prepare a direct materials purchases budget?
3. Can you help me get started on this assignment?
Galaxy Disk's projected operating income for 2008 is $200,000, based on a sales volume of 200,000 units. Galaxy sells disks for $16 each. Variable costs consist of the $10 purchase price and a $2 shipping and handling cost. Galaxy's annual fixed c..
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