Background:

As the production manager of a medium$-$sized manufacturing firm that produces electronic devices. The company manufactures a range of products, including smartphones, tablets, and smartwatches. As the production manager, you are responsible for preparing the annua budget for the upcoming fiscal year.,

Include technical knowledge about Budgetary Planning.$($no Al answer please$)$

Objective:

To create a comprehensive budget for the production division of the manufacturing firm for the next fiscal year $(2029-2030)$ based on projected revenues and anticipated expenses.

Financial Situation:

Projected Annual Revenue: $$10,000,000$ Desired Profit Margin: $15\%$