Country Cookin’ Inc. begins the budgeting process for the following year in the 1st quarter of the current year. Download the attachment and use the information it contains to:

  • Prepare the sales, production and direct materials budgets for the 1st quarter of next year.
  • Determine the budgeted manufacturing cost per unit and prepare the budgeted income statement for January of next year.
  • Prepare a flexible budget and performance report.

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