Vinubhai Refer to the information in Exhibits 13.20 and 13.21 that are part of the test of zero-based budgeting at Rainy Days Umbrellas.Information concerning the funding requests for PDG Areas 2 and 3 are as follows:PDG Area 1PackagePDG Area 2PDG Area 3Funding RequestPackage1-1$ 25,8022-1Funding Request$ 16,737PackageFunding Request3-1$ 5,5791-28,3682-210,4623-212,2041-36,6242-39,0663-32-412,2043-410,1125,9282-57,322Required:As a result of the loss of a major account, funding for the Product Development Group has been reduced even further to $88,913.Complete the table below to indicate whether a package would be funded under the new funding amount.PDG Area 1PDG Area 2PDG Area 3PackageFunded?PackageFunded?PackageFunded?1 ($25,802)1 ($16,737)1 ($5,579)2 ($8,368)2 ($12,204)3 ($6,624)2 ($10,462)3 ($9,066)4 ($12,204)5 ($7,322)3 ($10,112)4 ($5,928)

Step 1 This is a simplified approach, and the actual decision on which packages to fund may also…

Answered: Refer to the information in Exhibits…

Survey of Accounting (Accounting I)

8th Edition

ISBN:9781305961883

Author:Carl Warren

Publisher:Carl Warren

Chapter13: Budgeting And Standard Costs

Section: Chapter Questions

Problem 13.2.7P

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