Read the case.

Prepare the Master Budget for Little Anin Flagmakers for April, May and June and the second quarter in total. A separate budget should be prepared for Sales, Production, Materials, Direct Labor, Manufacturing Overhead, Selling and Administrative Costs and Cash.

Prepare the Budgeted Income Statement for the quarter ended June 30 and the Balance Sheet as of June 30.

1 of 3 EDUCATIONAL A Case Journal Case Study ima = Cash Is King: Master Budgets to Inform a Credit Decision AMA MAPND NTCALD Gdy w GRM Grund Grand RapidM INTRODUCTION FINANCIAL STATEMENT DETAILS AND CASH PLANNING 3 of 3 CEMENT DETAILS AND CASH 1 of 3 EDUCATIONAL A Case Journal Case Study ima = Cash Is King: Master Budgets to Inform a Credit Decision AMA MAPND NTCALD Gdy w GRM Grund Grand RapidM INTRODUCTION FINANCIAL STATEMENT DETAILS AND CASH PLANNING 3 of 3 CEMENT DETAILS AND CASH