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    Preparing Budgets, Cash Collections and Cash Disbursement

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    Crydon, Inc., manufactures an advanced swim fin for scuba divers. Management is now preparing detailed budgets for the third quarter, July through September, and has assembled the following information to assist in preparing the budget.

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    Solution Summary

    This solution illustrates how to prepare sales, cash collection, production, direct materials, and cash disbursements budgets.