Behavioral Aspects of BudgetingNorton Company a manufacturer of infant furniture

Behavioral Aspects of BudgetingNorton Company a manufacturer of infant furniture and carriagesis in the initial stages of preparing the annual budget for nextyear. Scott Ford has recently joined Nortons accountingstaff and is interested to learn as much as possible about thecompanys budgeting process. During a recent lunch with MargeAtkins sales manager and Pete Granger production manager.Ford initiated the conversation below. Read the conversation andanswer the questions that follow. Respond to at least two ofyour fellow students postings.Ford: