Consider the following budget assumptions of NeverSummer, Colorado-based manufacturer of snowboards, for the next month:

-Sales volume of 500 snowboards. Average Price $400. 50% of revenues collected in the month of sales and 50% in the following month.

-Purchasing costs of fiberglass and other materials required for the production $25,000.

-30 direct labor workers manufacture the snowboards, each working 140 at an hourly rate of $10 per hour.

-Variable manufacturing overhead are $3 per snowboard. Monthly fixed manufacturing overhead are $10,000, including $1,000 of manufacturing depreciation.

-Sales commissions are 4% of revenues paid in cash.

-Monthly General and Administrative expenses are $9,500.

-No inventory.

-Beginning Balance of Retained Earnings is equal to $5,000.

-Beginning Balance of Accounts Receivables is $2,500

Prepare the following:

1)Sales revenue budget

2)Material cost budget

3)Labor cost budget

4)Production overhead cost budget

5)SG&A budget

6)Budgeted Income statement.