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How can budgeting help owners operate their business

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Reference no: EM131539534

Question: Smathers and Branson handcrafts needlepoint belts and other products. Company founders, Peter Smathers Carter and Austin Branson stress the importance of planning and budgeting.

Required: 1. How can budgeting help the owners efficiently develop and operate their business?

2. Why would direct materials budgets and direct labor budgets be particularly important for a business like Smathers and Branson?

Reference no: EM131539534

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How can budgeting help owners operate their business : Smathers and Branson handcrafts needlepoint belts and other products. Company founders, Peter Smathers Carter and Austin Branson stress the importance.
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