Package is to include the following budgets;
1. Sales budget for each quarter and for the year
2. Production budget for each quarter and for the year
3. Purchasing Budget for each quarter and for the year
4. Direct labour budget for each quarter and for the year
5. Manufacturing overhead budget for each quarter and for the year
6. Selling and Administration budget
7. Work sheets for Collections and Disbursements
8. Budgeted Income Statement
9. CVP Income Statement
10. Budgeted Cash Statement
11. Budgeted Balance Sheet
Additional details:
	Fine Office Company produces two products P100 and P200
	Sales price per P100 is				$750
	Sales price per P200 is				$820
	There are	800	units from P100 in finished goods inventory at the end of 2020 with a value of $					units from P200 at the end
	of 2020 value	3,00,000	. At the end of each quarter, Fine Office Company requires ending inventory to be equal to
	The required ending inventory for Dec. 31, 2021 are					600	units for P100 and
	Each P100 unit uses		75	sq. ft. of steel during the manufacturing process. The cost of steel for 2021 is estimated to be $
	Each P200 unit uses		95	sq. ft. of steel during the manufacturing process.
	Fine Office Company currently has			30,000	sq. ft.	of steel in the beginning inventory. At
	the end of each quarter, Fine Office Company wants to have						60,000
	inventory.
	Each product requires		6	machine hours and		3	direct labour hrs to produce.
	Direct Labour costs $		21	per direct labour hour.
	Fine Office Company allocates manufacturing overhead costs based on the estimated machine
	hours. Estimated manufacturing overhead cost for 2021 are $						9,45,000
	For each quarter, it is estimated that				40	% of sales will be cash and
	% will be credit sales. Of the credit sales, 80% pay in the quarter of the sale and 20% pay in the
	following quarter. Credit sales from Q4 2020 were					$13,00,000
	Direct labour costs and manufacturing overhead costs are paid for in cash in the quarter they
	occurred.
	Assume operating expenses occur evenly throughout the year and are all paid in cash.
	For each quarter,		70	% of material purchases are paid for in cash in the quarter of
	the purchase and		30	% are paid in the following quarter. Purchases of materials from
	Q4 2020 were		$15,00,000