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Mike Werner introduces a tutorial on preparing an operating budget for ABC Manufacturing Inc. for Q1 2021. He outlines the necessary information for budget preparation, including the sales forecast, selling price, and cash collections budget. The focus is on collecting data to develop a comprehensive budget for January, February, and March 2021. He mentions that the sales forecasts are tracked on Etsy, with specific unit sales figures for November (280 units) and December (310 units). The next step involves reviewing this data in detail to proceed with the budget preparation.