answer all the question plz

Derry Manufacturing is preparing its master bodget for the first quarter of the upcoming year The following data pertain to Derry Manufacturing's operations: IiB (Click the icon to view the data) (Click the icon to view additional data.) Read the requirements Data table for the quarter in fotal Requirement 3. Prepare a direct materials budget (Round yout answers to the nearest whole dollar.) More info a. Actual sales in December were $70,000. Selling price per unit is projected to remain stable at 510 per unit throughout the budget period Sales for the first five months of the upcoming year are budgeted to be as follows: b. Sales are 30% cash and 70% credit. Al credit sales are collected in the month following the sale. c.Derry Manufacturing has a policy that states that each month's ending inventory of finished goods should be 25% of the following month's sales (in units). d. Of each month's direct material purchases, 20% are paid for in the month of purchase, while the remainder is paid for in the month following purchase. Two pounds of direct material is needed per unit at $2. 00 per pound. Entoing inventory of direct materials should be 10% of next month's production needs. e. Most of the labor at the manufacturing facility is indirect. but there is some direct labor incurred. The direct labor hours per unit is 0.01. The direct labor rate per hour is $12 per hour. All direct labor is paid for in the month in which the work is performed. The direct labor fotal cost for each of the upcoming three months is as follows: f. Monthly manufacturing overtiead costs are 55,000 for factory rent, $3.000 for other fixed manufacturing expenses, and 51.20 per unit for variable manufacturing overhead No depreciation is included in these figures All expenses are paid in the month in which they are incurred 9. Computer equipment for the administrative offices will be purchased in the upcoming quarter. In January, Derry Manufacturing will parchase equipment for \$5,000 (cash). while February's cash expenditure will be 512,000 and March's cash expenditure will be $16,000. h. Operating expenses are budgeted to be $1.00 per unit sold plus fixed operating expenses of 51.000 per month. All operating expenses are paid in the month in which they are incurred No depreciation is included in these figures. I. Depreciation on the building and equipment for the general and administrative offices is budgeted to be $4.400 for the entire quarter, which includes depreclation on new acquisitions. I. Derry Manufacturing has a policy that the ending cash balance in each month must be at least S4, 000. It has a line of credit with a local bank. The company can borrow in increments of $1.000 at the beginning of each month. up to a total outstanding loan balance of $120,000. The interest rate on these loans is if per month simple interest (not) Manufacturing will purchase equipment for $5,000 (cash), while February's cash expenditure will be $12,000 and March's cash expenditure will be $16.000. h. Operating expenses are budgeted to be $1.00 per unit sold plus fioced operating expenses of $1.000 per month. All operating expenses are paid in the month in which they are incurred No depreciation is included in these figures. 1. Depreciation on the buliding and equipment for the general and administrative offices is budgeted to be $4,400 for the entire quarter, which includes depreciation on new acquisitions. j. Derry Manufacturing has a policy that the ending cash balance in each month must be at least 54.000. It has a line of credit with a local bank. The company can borrow in increments of $1,000 at the beginning of each month, up to a total outstanding loan balance of $120,000. The interest rate on these loans is 1% per month simple interest (not compounded). The company would pay down on the line of credit balance in increments of $1,000 if it has excess funds at the end of the quanter. The company would also pay the accumulated interest at the end of the quarter on the funds borrowed during the quarter. k. The company's income tax rate is projected to be 30% of operating income less interest expense. The company pays $10,000 cash at the end of February in estimated taxes. Requirements 1. Prepare a schedule of cash collections for January. Febinuary, and March, and for the quarter in total. 2. Prepare a productlon budget. (Hint. Unit sales =S Sales in dollars / Selling price per unit.) 3. Piepare a direct materials budgot. 4. Prepare a cash payments budjet for the direct material purchases from Requliement 3. (Use the accounts payabie balance at Decenber 31 of prior year for the prior month payment in January.). 5. Prepare a cash payments buidget for direct labor 6. Prepare a cash payments budget fot manufacturing ovechead costs 7. Propare a cash paymonts budgot for operating expenses 8. Prepare a combined cash budget. 9. Calculate the budgeted manufactuing cost per unit (assume that fixed manufacturing overhead is budgeted to be 50.70 per unit for the year). 10. Prepare a budgeted income statement for the quarter ending March 31 . (Hint Cost of goods sold = Budgated cost of manufactizing one unit Number of units sold) Requirement 1. Prepare a schedule of cash collections for January, February, and March, and for the quarter in fotal Derry Manufacturing Requirement 2. Prepare a production budget. (Hint Unit sales = Sales in dollars + Selling price per unit.) Requirement 3. Prepare a direct materials budget. (Round your answers to the noarest whole dollar.) Requirement 3. Prepare a direct materials budget (Round your answars to the nenrest Whale dollar) Requirement 4. Prepare a cash payments budgel for the direct material purchases from Requikement 3. (Use the accounts payable balance at December 31 of prior year for the prior month payment in January.) (Round your answers to the nearest whole dollar.) Requirement 4. Prepare a cash payments budget for the direct material purchases from Requiroment 3. (Uso the accounts payable balance at December 31 of prior year for the prior month payment in January) (Round your answers to the nearest whole dollar.) Derry Manufacturing Requirement 5. Prepare a cash payments budget for direct labor. Derry Manufacturing Cash Payments for Direct Labor Budget Requirement 6. Prepare a cash payments budget for manufacturing overhead costs. Round your answers to the nearest whole doillar) Derfy Manufacturing Cash Payments for Manufacturing Overhead Budget Requirement 6 . Prepare a cash payments budget for manufacturing overhead costs. (Round your answers to the nearest whole dollar.) Derry Manufacturing Cash Payments for Manufacturing Overhead Budget Requirement 7 . Prepare a cash payments budget for operating expenses. (Round your answers to the nearest whole dollar.) Derry Manufacturing Cash Payments for Operating Expenses Budget Requirement 8. Prepare a combined cash budget (If an input field is not used in the table leave the input field empty, do not enter a zero. Use parentheses or a minus sign for negative cash belances and financing payments.) Requirement 8. Prepare a combined cash budget. (If an input tield is not used in the table leave the input field empty, do not enter a zero. Use parentheses or a minus sign for negative cash balances and financing payments.). Requirement 9. Calculate the budgeted manufacturing cost per unit (assume that fixed manufacturing overhead is budgeted to be $0,70 por unit for the year). (Round your answer to the nearest cent.) Requirement 10. Prepare a budgeted income statement for the quarter ending March 31. (Hint: Cost of goods sold = Budgeted cost of manufacturing one unit x Number of units sold.) (Round your answers ta the nearest whole dollar) Budgeted cost of manufacturing one unit Requirement 10. Prepare a budgeted incones statement for the quarter ending March 31. (Hint Cost of goods sold = Budgeted cost of manulacturing one unit x Number of units sold) (Round yout answers to the neareit whole dollar.)