Monthly Budgeting: Part 1 – Create an operating budget for the first quarter of

Monthly Budgeting: Part 1 – Create an operating budget for the first quarter of a new business using the information on the FIN-5823 Monthly Budgeting file that is attached. You will complete your work in Excel.
This is a two-week assignment. You will prepare the monthly budget for a new company during the first week. During the second week you will use scenario, sensitivity, and simulation analysis to better understand the risk of the new business.
Essential Activities:
Watching the video “Preparing a Sales Budget” will assist you in completing this assignment.
Watching the video “Preparing a Production Budget” will assist you in completing this assignment.
Watching the video “Preparing a Direct Materials” budget will assist you in completing this assignment.
Watching the video “Preparing a Direct Labor” budget will assist you in completing this assignment.
Watching the video “Preparing a Manufacturing Overhead Budget will assist you in completing this assignment.
Watching the video “Preparing a Selling & Administrative Expense Budget will assist you in completing this assignment.
Watching the video: “Preparing a Cash Budget” will assist you in completing this assignment.
Watching the video “Preparing a Budgeted Income Statement” will assist you in completing this assignment.
Notes:
You will complete your work in Excel.
The best way to organize the file is to have each budget on a different sheet.
Make sure you clearly name the sheets.
No Plagiarism and Generative AI.
Useful Links:
https://www.principlesofaccounting.com/managerial-cost-accounting/

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