you are the managerial accountant are asked by the CEO ( Mr. Smith) of Wilson -West Manufacturing ( a new company) to setup a product costing system. The followin are types of expenses that will be included.

 

   Budget: Explain why setting up a budget is so important for this new startup division. 2.) Explain how you plan to gather budget information. Do you plan on including other department heads in the budget process? Why or Why Not? 3.)Explain what information will be found on each type of budget: master, flexible, and capital. 4.) Explain how you will ensure that the budget’s estimates are accurate as possible.

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