Owners efficiently develop and operate their business

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Reference no: EM13775297

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

How can budgeting help the owners efficiently develop and operate their business?

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

Reference no: EM13775297

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