could i please get some help?

LearnCo manufactures and sells one product, an abacus for classroom use, with two models, the Basic model and the Deluxe model. The company began operations on January 1, 2011, and is planning for 20Y2, its second year of operations, by preparing budgets from its master budget The company is trying to decide how many units to manufacture, how much it might spend on direct materials and direct labor, and what their factory overhead expenses might be. In addition, the company is interested in budgeting for selling and administrative costs, and in creating a budgeted income statement showing a prediction of net income for 2012 You have been asked to assist the controller of LeamCo in preparing the 2012 budgets, Sales Budget The sales budget often uses the prior year's sales as a starting point, and then soles quantities are revised for various factors such as planned advertising and promotion, projected pricing changes, and expected industry and general economic conditions. Learnco has completed reviewing its prior year's sales and has prepared the following sales budget After reviewing Learn Co's sales budget, you note that three numbers have been omitted. The company's controller has told you that the units sold for the Basic and Deluxe models are expected to be the same. Fill in the missing amounts LearnCo Sales Budget For the Year Ending December 31, 2012 Unit Sales Unit Selling Product Volume Price Basic Abacus $280,000 Deluxe Abacus 432,000 Totals 72,000 $720,000 Total Sales $ Production Budget The production budget should be integrated with the sales budget to ensure that production and sales are kept in balance during the year. The production budget estimates the number of units to be manufactured to meet budgeted sales and desired inventory levels You note that learco has omitted six numbers from the following production budget and fill in the missing amounts. You may need to use numbers from the sales budget you prepared Units Deluxe LearnCo Production Budget For the Year Ending December 31, 2012 Units Basic Expected units to be sold (trom Sales Budget) Desired ending inventory, December 31, 2012 1,000 Total units available Estimated beginning inventory, January 1, 2012 (1,050) Total units to be produced 3.000 (2.100) Direct Materials Purchases Budget The direct material purchases budget should be integrated with the production budget to ensure that production is not interrupted during the year Before you make any changes to the budget, you review the information on the following Direct Materials Data Table and enter the units to be produced from the Production Budget. After scanning the direct materials purchases budget (which follows the Direct Materials Data Table), you observe that Learno has omitted quite a few numbers from the budget. Fill in the missing amounts. You may need to use numbers from the Direct Materials Data Table, or from the sales budget and production budget you prepared Wher required, round your answers to the nearest dollar Direct Materials Data Table Wood Pieces Beads Packages required per unit: Basic abacus Deluxe abacus 1 2 2 3 $0.25 Cost per package Wood proces Beads Units to be produced (from Production Budget): $0.25 Basic abocus Deluxe abacus LearnCo Direct Materials Purchases Budget TOV Total LearnCo Direct Materials Purchases Budget For the Year Ending December 31, 2012 Direct Materials Wood Pieces Beads Packages required for production: Basic abacus Deluxe abacus Desired inventory, December 31, 2012 2,200 5,000 Total packages available Estimated inventory, January 1, 2012 (3,500) (4,500) Total packages to be purchased Unit price (per package) Total direct materials to be purchased 10'D x S $72,888 Direct Labor Cost Budget Direct labor needs from the direct labor cost budget should be coordinated between the production and personnel departments so that there will be enough tabor wailable for production Before you make any changes to the budget, you review the information on the following Direct Labor Data Table and enter the units to be produced from the Production Budget. After scanning the Direct Labor Cost Budget (which follows the Direct Labor Data Table), you observe that Learno has omitted quite a few numbers from the budget. Fill in the missing amounts. You may need to use numbers from the Direct Labor Data Table, or from the sales budget, production budget, and direct materials purchases budget you prepared. When required, round your answers to the nearest dollar Direct Labor Data Table Gluing Assembly Hours required per unit: 0.10 0.10 0.10 0.20 Basic abacus Deluxe abacus Labor hourly rate: Gluing Assembly Units to be produced from Production Budget): $13 519 Basic abacus Deluxe abacus LearnCo Direct Labor Cost Budget For the Year Ending December 31, 20Y2 Gluing Assembly Total Hours required for production: Basic abacus Deluxe abacus Total Hourly rate $ x S Total direct labor cost $303,230 Feedback Factory Overhead Cost Budget The factory overhead cost budget should be integrated with the production budget to ensure that production is not interrupted during the year. This budget may be supported by departmental schedules, which normally separate factory overhead costs into fived and variable costs so that department managers may monitor and evaluate costs during the year. For simplicity, Learco has not separated costs in this manner. After reviewing the following factory overhead cost budget you note that teamco has completed the budget with the exception of one amount. Fill in the misting amount. Learnco Factory Overhead Cost Budget For the Year Ending December 31, 2012 Indirect factory wages $5,400 Power and light Depreciation of plant and equipment 1,450 Total factory overhead cost $18,100 $9,670 $2,010 Cost of Goods Sold Budget For the Year Ending December 31, 2012 Finished goods inventory, Ianuary 1, 2012 Work in process inventory, January 1, 2012 Direct materials: Direct materials inventory, January 1, 2012 52.000 Direct materials purchases Cost of direct materials waatle for Direct materials inventory, December 31, 2012 (1.800) Cost of direct materos placed in production Derect labor 110,00 Factory overhad DJ (1.250) Total manufacturing out Total work in process during period Work in process inventory, December, 2012 Cost of goods manufactured Cost of freshed goods available for Finished goods inventory, December 31, 2017 (1.500) Cost of goods sold Selling/Admin. Expenses Budget The sales budget is often used as the starting point for the selling and administrative expenses budget. For example, a budgeted increase in sales may require more advertising expenses. LeamCo has prepared its selling and administrative expenses budget as follows. This budget is merely reviewed by you for use on the budgeted income statement Learno Selling and Administrative Expenses Budget For the Year Ending December 31, 2012 Selling expenses Sales salaries expense $45,000 Advertising expense 15,000 Travel expense 5,400 Total selling expenses $65,400 Administrative expenses Officers' salaries expense $85,000 Office salaries expense 35,000 Office rent expense Office supplies expense 6,400 Miscellaneous administrative expenses 1,600 Total administrative expenses 154,000 Total selling and administrative expenses $219,400 26,000 Budgeted Income Statement Budgeted Income Statement The budgeted income statement is prepared by integrating the sales budget, cost of goods sold budget, and selling and administrative expenses budget. Additional information that may be helpful in preparing the budgeted income statement are on the following Budgeted Income Statement Data Table, Review the Budgeted Income Statement Data Table, then complete the budgeted income statement that follows the table. Round the computed amount for income tax to the nearest whole dollar Budgeted Income Statement Data Table Interest revenue for the year Interest expense for the year LeCo's income tax rate $2,000 $1,500 40% LearnCo Budgeted Income Statement For the Year Ending December 31, 20Y2 Revenue from sales Cost of goods sold Gross profit Selling and administrative expenses: Selling expenses Administrative expenses Total selling and administrative expenses Operating income Other revenue and expense: Interest revenue Interest expense Income before income tax DJ. DU Income tax Net income 4. Leamco's controller believes that the company can decrease its selling expenses by 10% and its administrative expenses by 15%. How much would income before income to increase if these expense cuts are implemented? Round your answer to the nearest dollar