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For the first quarter of 2022, do the following. (a) Prepare a sales budget. This is similar to illustration 22-3 in your textbook. (b)
For the first quarter of 2022, do the following. (a) Prepare a sales budget. This is similar to illustration 22-3 in your textbook. (b) Prepare a production budget. This is similar to Mustration 22-5 in your textbook (c) Prepare a direct materials budget. (Round to nearest dollar) This is similar to Illustration 22-9 in your textbook (d) Prepare a direct labor budget. (For calculations, round to the nearest hour) This is similar to Illustration 22-13 in your textbook. (e) Prepare a manufacturing overhead budget. (Round Intermediate amounts to the nearest dollar) This is similar to Ilustration 22-12 in your textbook Prepare a selling and administrative budget. This is similar to illustration 22-11 in your textbook (e) Prepare a budgeted income statement, found intermediate calculations to the nearest dollar.) This is similar to Mlustration 22-15 in your textbook. You will need to prepare schedules for expected collections from customers and expected payments to vendors first. See Mustrations 22-17 and 22-18 in your textbook for guidance 7 (h) Prepare a cash budget. This is similar to illustration 22-19 in your textbook B 9 You will also need to prepare schedules to support your calculation of amounts borrowed, interest expense, and loan repayments. These should be well labeled and formatted so that I may follow your work
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