The topic for this week is budgets. Why are budgets important to a company?

Orange, lnc., sells a Learnlt-Plus software package that consists of their normal Learnlt math tutorial program along with a one-year subscription
June 28, 2019
SolutionUsing FIFO, ending merchandise inventory is $11,080 and cost of goods sold is $8,600. Using LIFO, ending merchandise inventory is $10,200 and cost of goods sold is $9,480
June 28, 2019

The topic for this week is budgets. Why are budgets important to a company? Choose your favorite manufacturing company and describe some of the budgets you think would be useful to that company (operating and financial) and the purpose for each budget. Lastly, do you think the static or flexible budget (or both) would be most appropriate for the company you chose?

 
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