Review the Xample Manufacturing Case below. Using the information and the financial data derived in the Xample Case, and after reading Fleming's article, create an annual budget in draft form divided into four periods (Quarter 1, Quarter 2, Quarter 3, and Quarter 4) using the provided budget template.

Xample Manufacturing Case:

Consider the following case scenario: Imagine you are a manager of a small plastic parts manufacturing contracting business making parts under contract to electronic consumer goods industry and defense industry companies, and you are in charge of developing a projected annual operating budget.

Your budgetary figures are as follows: For fiscal year 2019, your firm received a $3 million contract from Sony to provide small parts for its current Ultra HD Blu Ray Player, as well as various contracts totaling $1.75 million from other business. Xample also has an $180,000 annual contract from Boeing, and a contract for small plastic parts contract from Ratheon totaling $1.6 million annually.

Your chief financial officer (CFO) has provided you with the following annual expenses:

Xample Manufacturing Expenses

Annual Salaries $1.63 million Annual Benefits $ 245,000 Annual Rent $ 760,000 Annual Insurance $ 45,000 Annual Depreciation $ 780,000 Annual Overhead $ 180,000 Annual Supplies $ 96,000 Annual Raw Materials $ 2.6 million

Using the Xample Manufacturing Operating Budget Template

Complete a 12-month operating budget in which you include the projected net profit (or loss)