Describe department Budgets.

Assume you are the new cost accountant at SRS. In this new position, you have been asked to perform a few tasks for the company’s leadership team.The company has four main managers: sales manager, purchasing manager, operations manager, and finance manager. Each manager has general informationabout the company as a whole, as well as information about their own department—private information known only by this departmental manager—that ismore accurate than the general corporate information.