Read the Mini-Case at the end of Chapter 13, Phionia’s finicky Feline Gourmet Cat Dinners.
1. Using this Excel File template, prepare the following budgets for the period, January through June.
a. Sales budget in dollars
b. Production budget in units
c. Direct materials purchases budget in pounds
d. Direct materials purchases in dollars
e. Direct manufacturing labor budget in dollars
2. Comment on the viability of this business and the advisability of the investor making a $50,000 investment to get it started.