could you please help me to solve this with explanation !!

Thanks

Lame Specialties manufactures, among other things, woolen blankets for the athletic teams of the two local high schools. (Click the icon to view additional information) Click the icon to view the budgeted direct-cost) Click the icon to view the direct materials) (Click the icon to view the direct-cost inputs) Manufacturing overhead (both variable and fixed) is allocated to each blanket on the basis of budgeted direct manufacturing labor-hours per blanket Click the icon to view the overhead information) Click the icon to view the finished goods inventory) Click the icon to view additional information) Read the requirements CS Requirement 1. Prepare the following budgets a. Prepare the revenues budget Revenues Budget For the Month of March Selling Price Total revenues M Units 10 Bonne Alavate + - X Lame Specialties manufactures, among other things woolen blankets for Manufacturing ceread thoth variable and fored) is allocated to the athletic teams of the two local eted direct manufacturing (Click the icon to view addition Additional blanket information thead information (Click the icon to view the bud shed goods inventory) (Click the icon to view the dire The company sews the blankets from fabric and sews on a logo hal information (Click the icon to view the dire patch purchased from the licensed logo store site. The teams are as follows: Broncos, with red blankets and the Broncos logo Rams, with black blankets and the Rams logo Also, the black blankets are slightly larger than the red blankets Requirement 1. Prepare the follow a. Prepare the revenues budget Print Done Revenue 1 For the Mon Units Selling Price Total revenues Branne Blankete 10ns RO Budgeted direct-cost inputs - X fixed) is allocated to Et manufacturing Lame Specialties manufa the athletic teams of the (Click the icon to view (Click the icon to view Click the icon to vie Click the icon to view ormation) is inventory) ation The budgeted direct-cost inputs for each product in 2020 are as follows Broncos Blanket Rams Blanket Red wool fabric 10 yards O yards Black wool fabric O yards 11 yards Broncos logo patches 1 0 Rams logo patches 0 1 Direct manufacturing labor 9 hours 10 hours Requirement 1. Prepare a. Prepare the revenues ! Print Done For UN Anne Rinne Direct materials - X fixed) is alloc Et manufacturi Lame Specialties manufa the athletic teams of the (Click the icon to view (Click the icon to view E (Click the icon to view (Click the icon to view ormation) is inventory.) Data pertaining to the direct materials for March 2020 are as follows: Actual Beginning Direct Materials Inventory, March 1, 2020 Broncos Blanket Rams Blanket Red wool fabric 65 yards 0 yards Black wool fabric O yards 45 yards Broncos logo patches 75 0 Rams logo patches 0 90 ation) Requirement 1. Prepare Target Ending Direct Materials Inventory, March 31, 2020 Broncos Blanket Rams Blanket a. Prepare the revenues O yards Red wool fabric Racal tahri 55 yards wand 55 and For UN Print Done Rinne Plantate Check Heln me solve this Broncos Blanket Rams Blanket Red wool fabric Black wool fabric 65 yards O yards O yards 45 yards 75 0 Broncos logo patches Rams logo patches 0 90 Target Ending Direct Materials Inventory, March 31, 2020 Broncos Blanket Rams Blanket Red wool fabric 55 yards O yards O yards 55 yards Black wool fabric 55 0 Broncos logo patches Rams logo patches 0 55 C Print Done Direct-cost inputs Unit cost data for direct-cost inputs pertaining to February 2020 and March 2020 are as follows: February 2020 (actual) March 2020 (budgeted) $ 15 $ 16 24 23 Red wool fabric (per yard) Black wool fabric (per yard) Broncos logo patches (per patch) Rams logo patches (per patch) Manufacturing labor cost per hour 13 13 12 14 32 33 Print Done - 0 Manufacturing overhead information The budgeted variable manufacturing overhead rate for March 2020 is $22 per direct manufacturing labor-hour. The budgeted fixed manufacturing overhead for March 2020 is $41,000. Both variable and fixed manufacturing overhead costs are allocated to each unit of finished goods. Print Done TTE TVTOTTLIT OT vaTCTT Requirements - x . 1. Prepare the following budgets for March 2020 a. Revenues budget b. Production budget in units c. Direct material usage budget and direct material purchases budget d. Direct manufacturing labor costs budget Manufacturing overhead costs budget f. Ending inventories budget (direct materials and finished goods) g. Cost of goods sold budget 2. Suppose Lame Specialties decides to incorporate continuous improvement into its budgeting process. Describe two areas where it could incorporate continuous improvement into the budget schedules in requirement 1. e. Print Done Broncos Blanket Rams Blanket Red wool fabric Black wool fabric 65 yards O yards O yards 45 yards 75 Broncos logo patches Rams logo patches 0 0 90 Target Ending Direct Materials Inventory, March 31, 2020 Broncos Blanket Rams Blanket Red wool fabric 55 yards 0 yards O yards 55 yards Black wool fabric 55 0 Broncos logo patches Rams logo patches 0 55 Print Done Direct-cost inputs Unit cost data for direct-cost inputs pertaining to February 2020 and March 2020 are as follows: February 2020 (actual) March 2020 (budgeted) $ $ 15 $ 16 24 23 Red wool fabric (per yard) Black wool fabric (per yard) Broncos logo patches (per patch) Rams logo patches (per patch) Manufacturing labor cost per hour 13 13 12 14 32 33 Print Done X Manufacturing overhead information The budgeted variable manufacturing overhead rate for March 2020 is $22 per direct manufacturing labor-hour. The budgeted fixed manufacturing overhead for March 2020 is $41,000. Both variable and fixed manufacturing overhead costs are allocated to each unit of finished goods. Print Done TTE TVTOTTLIT OT vaTCTT Requirements - x ro C. 1. Prepare the following budgets for March 2020 a. Revenues budget b. Production budget in units Direct material usage budget and direct material purchases budget d. Direct manufacturing labor costs budget Manufacturing overhead costs budget f. Ending inventories budget (direct materials and finished goods) g. Cost of goods sold budget 2. Suppose Lame Specialties decides to incorporate continuous improvement into its budgeting process. Describe two areas where it could incorporate continuous improvement into the budget schedules in requirement 1. e. Print Done Broncos Blanket Rams Blanket Red wool fabric O yards Black wool fabric 65 yards O yards 45 yards 75 0 Broncos logo patches Rams logo patches 0 90 Target Ending Direct Materials Inventory, March 31, 2020 Broncos Blanket Rams Blanket Red wool fabric 55 yards 0 yards O yards 55 yards Black wool fabric 55 0 Broncos logo patches Rams logo patches o 55 Print Done