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i need #1-10 answered 5. Award: 2.14 points The 2017 of Zigby Manufacturing prepared the following estimated balance sheet for March Z?GBY MANUFACTURING Estimated Balance

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5. Award: 2.14 points The 2017 of Zigby Manufacturing prepared the following estimated balance sheet for March Z?GBY MANUFACTURING Estimated Balance Sheet March 31, 2017 Assets $ 43,000 432,900 86,198 Cash Accounts receivable Raw materials inventory Finished goods inventory Total current assets Equipment, gross 949,266 606,000 Equipment, net Total assets 453,000 S 1,402,266 Liabilities and Equity Accounts payable Short-term notes payable Total current liabilities Long-term note payable Total liabilities Common stock Retained earnings Total stockholders equity Total liabilities and equity $ 194,798 15,000 209,798 500,000 709,798 338,000 354,468 692,468 S 1,402,266 To prepare a master budget for April, May, and June of 2017, management gathers the following information: a. Sales for March total 22,200 units. Forecasted sales in units are as follows: April, 22,200: May, 16,000; June, 19,800; and July, 22,200. Sales of 243,000 units are forecasted for the entire year. The product's selling price is $26.00 per unit and its total product cost is $21.80 per unit. Company policy calls for a given month's ending raw materials inventory to month's materials requirements. The March 31 raw materials inventory is 4 310 units. which complies with the policy. The expected June 30 ending raw materials inventory is 4.300 units, Raw materials cost $20 per unit Each finished unit requires 0.50 units of raw materials. b qual 50%of th c. Company policy calls for a given month's ending nished goods invent ryto equal 80% of the net nth's expected unit sales. The March 31 f goods inventory is 17,760 units, which s with the policy d. Each finished unit requires 0.50 hours of direct labor at a rate of $18 per hour e. Overhead is allocated based on direct labor hours. The predetermined variable overhead rate is $3.00 per direct labor hour. Depreciation of $25,134 per month is treated as fixed factory Sales representatives commissionsare 9% of sales and are paid in the month of the sales. The sales manager's monthly salary is $3,300

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