Page

3 Further discussion, estimates and assumptions: With the full backing of Brett Favre, Aaron Rodgers set out to create a master budget for the company for the year 2021. In his planning for the budgeting process, Aaron drew up the following list of documents that would be part of the master budget: 1) A sales budget, including a schedule of expected cash collections. 2) A production budget (or merchandise purchases budget). 3) A direct materials budget, including a schedule of expected cash disbursements. 4) A direct labor budget. 5) A manufacturing overhead budget. 6) An ending finished goods inventory. 7) A selling and administrative expense budget. 8) A cash budget. 9) A budgeted income statement. 10) A budgeted balance sheet, Aaron felt it was important to get everyone'S cooperation in the budgeting process, so he asl Brett to call a company-wide meeting in which the budgeting process would be explained.