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BUDGETING
September 24, 2019
NAME: _______________________
1. The Manila Corporation manufactures and sells two products, X and Y. In July 2015, Manila Corporation’s
budget department gathered the following information in order to project sales and budget requirements for
2016.
In order to produce one unit of X and Y, the following raw materials are used:
REQUIRED: Based on the above projections and budget requirements for 2016 for X and Y, prepare the
following budgets for 2016.
REQUIRED:
Prepare cash forecast for the months of May, June, and July 2016, based on the above data and supported by the
following schedules.