Create an operating budget for the first quarter of a new business

month #1 $65,000

Month #2 $97,500

month #3 $130,000,

month #4 $110,500

These sales are based on selling one product with a selling price of $6.50

1. Create a production budget based on units (not dollar)

2, Create a direct material purchase budget

3. Create a direct labor budget

4. Create a overhead budget

5. Create a selling and administrative budget

6. Combine all budget to create a budget income statement

2.