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Required: Prepare the following budgets and other financial information as required. All budgets and other financial information should be prepared for the second calendar quarter,
Required: Prepare the following budgets and other financial information as required. All budgets and other financial information should be prepared for the second calendar quarter, except as otherwise noted below. (Round calculations up to the nearest whole dollar, except for the amount of cash sales, which should be rounded down to the nearest whole dollar.): 1. Sales budget. 2. Production budget 3. Raw materials budget 4. Direct labor budget. 5. Factory overhead budget. 6. Selling expense budget T. General and administrative expense budget 8. Cash budget 9. Budgeted inconle staternent for the entire second quarter (not for each month separately) 10. Budgeted balance sheet
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