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Question: 1. Why is the sales budget so important to the budgeting process?

2. What is a selling expense budget? What is a capital expenditures budget?

3 .Kyoto, Inc. predicts the following sales in units for the coming three months:

                                   May            June            July

Sales in units . . . . . . . . 280              300            240

Each month's ending inventory of finished units should be 60% of the next month's sales. The April 30 finished goods inventory is 168 units. Compute Kyoto's budgeted production (in units) for May.

Accounting Basics, Accounting

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  • Reference No.:- M92347940
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