Assumptions: a) MYBABY Corporation wants to have a total of P1,800,000 Sales Budget for the year 2019. Of this budget, 15% is on Q1, 20% on Q2, 30% and 35% on Q3 and Q4 respectively. b) Sales Price for Q1 is P180.00. For the succeeding 2 quarters, sales price decreased by P15.00 every quarter. And for the Q4, sales price decreased by 20% from the preceding quarter. c) The Company would like to maintain 100 units in its ending inventory at the end of each month. d) Beginning inventory at the start of January amounts to 50 units. e) 2018's Q4 Accounts Receivable totaled P35,400. f) Cash Collections Percentage assumption for Q1 is 65%. On Q2 it will increase by 15%, will decline on Q3 by 10% and it will be the same percentage with Q3 on Q4. Sales Budget- 15 points Quarter 1 2 3 4 Year

How could cost-volume-profit analysis be used in budgeting? In making a decision about advertising?

1. Describe the difference between a static and a flexible budget 2. Outline how often businesses must report GST 3. Describe a method that can be used to evaluate a budget or financial plan.

B) Organize the following budgets in order of preparation by placing the number before it:   Cash budget   Selling and administrative expense budget   Manufacturing overhead budget   Direct materials purchase budget   Budgeted balance sheet   Sales budget   Direct labor budget   Budgeted income statement   Budgeted cost of goods sold   Production budget