Consider the following case scenario: Imagine you are a manager of a small plastic parts manufacturing contracting business making parts under contract to electronic consumer goods industry and defense industry companies, and you are in charge of developing a projected annual operating budget.

Your budgetary figures are as follows: For fiscal year 2019, your firm received a $3 million contract from Sony to provide small parts for its current Ultra HD Blu Ray Player, as well as various contracts totaling $1.75 million from other business. Xample also has an $180,000 annual contract from Boeing, and a contract for small plastic parts contract from Ratheon totaling $1.6 million annually.

Your chief financial officer (CFO) has provided you with the following annual expenses:

Xample Manufacturing Expenses

Annual Salaries$1.63 million

Annual Benefits$ 245,000

Annual Rent$ 760,000

Annual Insurance$ 45,000

Annual Depreciation$ 780,000

Annual Overhead$ 180,000

Annual Supplies$ 96,000

Annual Raw Materials$ 2.6 million

Using the Xample ManufacturingOperating Budget Template,

• start a 12 month budget