I am a little confused about this can you please help?

Operating Budget Create an operating budget for the first quarter of a new business (use EXCEL template provided at Course Home) Projected Sales are: Month #1: $65,000 Month #2: $97,500 Month #3: $130,000 Month #4: $110,500 These sales are based on selling one product with a selling price of $6.50 Create a Production Budget based on Units (not dollars). . Desired Finished Goods Ending Inventory each month is 10% of the next month's projected sales. (Use the Finished Goods Ending Inventory amount for the previous year for the Beginning Finished Goods Inventory to start this year. The Finished Goods Inventory for the previous month is 1000 units.) Create a Direct Materials Purchase Budget . Each unit produced requires 10# (pounds) of direct materials at a cost of $0.08 per pound. Create a Direct Labor Budget Direct Labor Costs are $15/per hour Each unit requires 5 minutes of labor Create an Overhead Budget . Variable Overhead Expenses are: o Supplies ($.02 per unit) o Inspection ($.10 per unit) o Maintenance and Repair ($.03 per unit) o Utilities ($.01 per unit) Fixed Overhead Expenses are $1,100 monthly Create a Selling and Administrative Budget . Variable Selling & Administrative Expenses are: o Sales Commissions ($.03 per unit) o Delivery ($.01 per unit) o Office Support ($.02 per unit) Fixed Selling & Administrative Expenses are $2,500 monthly. Combine all Budgets to Create a Budgeted Income Statement Complete a Budgeted Income Statement for months 1 through 3, and SUM the three months for a Budgeted Income Statement that reflects the total first quarter