Assume that you work in a manufacturing company located in USA. You are required to prepare a budget for your company for 2021. The budgets should be done in quarters. The following budgets need to be prepared:

1. Sales budget

2. Production budget

3. Direct material budget

4. Direct labour budget

5. Manufacturing overhead budget

6. Selling and administrative expense budget

7. Budgeted Income Statement

8. Detail cash budget including Schedule of Expected collection and payments for DM

9. Budgeted Balance sheet