Core 2 — Week 5 Integrated Problem(QUESTIONS & SOLUTIONS)

Core 2 — Week 5 Integrated Problem(QUESTIONS & SOLUTIONS)

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Core 2 — Week 5 Integrated ProblemSolution The following solution is a “best” response, demonstrating a level much higher than competent. However, there may be additional acceptable and reason... able points that are not reflected in this response. In addition, candidates are not expected to prepare a response of this level given the time constraints involved and, if applicable, the page limits/word counts provided. Memo To: Controller From: Assistant Controller, CPA Subject: Requested budget information Assessment Opportunity #1 The candidate prepares monthly sales and production budgets. The candidate demonstrates competence in Management Accounting. CPA Map Competencies: 3.2.1 Develops or evaluates data and information inputs for operational plans, budgets, and forecasts (Core – Level A) 3.2.2 Prepares, analyzes, or evaluates operational plans, budgets, and forecasts (Core – Level A) A sales budget has been prepared in Exhibit I. Budgeted unit sales for 20X3 are 1,480 units, and budgeted annual sales revenue is expected to be $1,864,800. The production budget has been prepared in Exhibit II. Annual production is budgeted at 1,493 units. [Show More]