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After completing the budget template, write a two- to three-page summary including the following: Explain the process for creating an operating budget and its importance.

Case Analysis: Xample Manufacturing Annual Draft Operating Budget

Complete a 12-month operating budget (attached) in which you include the projected net profit (or loss). Turn in with the summary,

After completing the budget template, write a two- to three-page summary including the following:

Explain the process for creating an operating budget and its importance.

Describe how revenues and expenses are grouped for planning and control in the financial statements.