Description
The Controller also asks you to prepare a report to the CEO, 2-3 pages on the assumptions used in the preparation of the master budget. Summarize the assumptions
used for sales volume, variable,e, and fixed costs. Consider the economic and industry
environment as it existed at the end of 2017 andthe beginning of 2018. Then, using 3
external sources (properly cited per APA Style) critically evaluate whether the
assumptions used for the master budget were reasonable. If not reasonable, suggest
what should have been used to develop the master budget for sales, variab, le and fixed
costs. In addition, your report must include the purpose of a flexible budget.