After two years study at UCW, you finally graduate and start a job as Junior accountant at Rizza Pizza Inc. Your manager is responsible for the nationwide distribution of pre package frozen pizza. Because of the pandemic spread and economic recession, the company has rapidly increased its revenue, and the prompt growth forces the management team to improve their efficiency and manage their production effectively to capitalize this opportunity. You have just been given responsibility for all planning and budgeting of the entire production division in BC. Today is your first day, you have just given an assignment to prepare master budget for the manager, who needs to present the budget and discuss the financial objectives with the shareholders tomorrow. During your job interview, you clearly stated that you gained managerial accounting knowledge and hand on experience during your MBA study. Your first assignment is to prepare a master budget for the next fiscal year, starting April 1, 2021. Your co- workers have left a pile of files on your desk including the past sale records, product information, manufacture schedule and supplier pricing list. Now, you realized that you should have pay more attention during the lecture. Now, you do not know where to start. Fortunately, you remember that you kept a spreadsheet template of the master budget in your computer from accounting course last year.
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