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Ash Creek Company is preparing its master budget for 2014. Relevant data pertaining to its sales, production, and direct materials budgets are as follows. Sales: Sales for the year are expected to total 1,400,000 units. Quarterly sales are 20%, 23%, 26%, and 31%, respectively. The sales price is expected to be $42 per unit for the first three quarters and $46 per unit beginning in the fourth quarter. Sales in the first quarter of 2015 are expected to be 15% higher than the budgeted sales for the first quarter of 2014. Production: Management desires to maintain the ending finished goods inventories at 20% of the next quarter's budgeted sales volume. Direct materials: Each unit requires 2 pounds of raw materials at a cost of $10 per pound. Management desires to maintain raw materials inventories at 10% of the next quarter's production requirements. Assume the production requirements for the first quarter of 2015 are 492,800 pounds. Prepare the sales, production, and direct materials budgets by quarters for 2014.
Direct materials $4, Direct labor $12, Variable support costs $32, and Fixed support costs $22. In the short term, the incremental cost of one unit is:
1. discuss the difference between accounting and finance?2. how does financial accounting and financial management
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the following is a statement by a management consultantmany managers claim that budgets are impractical because
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