I need help 10-12 question and can please chcrk my work as wll

The management of Zigby Manufacturing prepared the following balance sheet for March 31, ZIGBY MANUFACTURING Balance Sheet March 31 Assets Iiabilities and Equity Cash $ 57,000 Liabilities Accounts receivable 406,000 Accounts payable Raw materials inventory 91,600 Loan payable Finished goods inventory 380,480 Long-term note payable Equipment $ 634,000 Equity Last accumulated depreciation 167,000 467,000 Common stock Retained earnings Total assets $ 1,402,080 Total liabilities and equity To prepare a master budget for April May, and June, management gathers the following information $ 206,300 29.000 500,000 $ 735,300 352,000 314,780 666, 780 $ 1,402,080 a. Sales for March total 23,200 units, Budgeted sales in units follow: April, 23,200; May, 17,100; June, 21,900; and July, 23,200. The product's selling price is $25.00 per unit and its total product cost is $20.50 per unit. b. Raw materials inventory consists solely of direct materials that cost $20 per pound. Company policy calls for a given month's ending materials inventory to equal 50% of the next month's direct materials requirements. The March 31 raw materials inventory is 4,580 pounds. The budgeted June 30 ending raw materials inventory is 5,700 pounds. Each finished unit requires 0.50 pound of direct materials c. Company policy calls for a given month's ending finished goods inventory to equal 80% of the next month's budgeted unit sales. The March 31 finished goods inventory is 18,560 units d. Each finished unit requires 0.50 hour of direct labor at a rate of $13 per hour. e. The predetermined variable overhead rate is $4.40 per direct labor hour. Depreciation of $37,320 per month is the only fixed factory overhead item. f. Sales commissions of 5% of sales are paid in the month of the sales. The sales manager's monthly salary is $4,700, 9. Monthly general and administrative expenses include $29,000 for administrative salaries and 0.8% monthly interest on the long- term note payable h. The company budgets 30% of sales to be for cash and the remaining 70% on credit. Credit sales are collected in full in the month following the sale (no credit sales are collected in the month of sale) 1. All raw materials purchases are on credit, and accounts payable are solely tied to raw materials purchases, Raw materials purchases are fully paid in the next month (none are paid in the month of purchase). J. The minimum ending cash balance for all months is $57,000. If necessary, the company borrows enough cash using a loan to reach the minimum Loans require an interest payment of 1% at each month-end (before any repayment). If the month-end preliminary cash balance exceeds the minimum, the excess will be used to repay any loans k. Dividends of $27,000 are budgeted to be declared and paid in May. 1. No cash payments for income taxes are budgeted in the second calendar quarter. Income tax will be assessed at 35% in the quarter and budgeted to be paid in the third calendar quarter quired: epare the following budgets for the months of April, May, and June: Sales budget Production budget Direct materials budget. Direct labor budget. 6. Factory overhead budget. 5. Selling expense budget. 17. General and administrative expense budget. 3. Schedule of cash receipts. 3. Schedule of cash payments for direct materials. 10. Cash budget 11. Budgeted Income statement for entire second quarter (not monthly). 12. Budgeted balance sheet at June 30, Complete this question by entering your answers in the tabs belo Assessment Tool Frame Reg 1 Reg 2 Reg 3 Req 4 Reg 5 Reg 6 Reg 7 Reg 8 to 10 Reg 11 Reg 12 Sales budget May ZIGBY MANUFACTURING Sales Budgets April Juno 23,200 $ 17,100 $ 21,900 $ 25.00 $ 25.00 $ 25.00 $ 580,000 $427,500 $ 547,500 Budgeted salon units Selling price per unit Total budgeted sales Req2 > 12. Budgeted balance sheet at June 30. Complete this question by entering your answers in the tabs below. Req 1 Reg 2 Req3 Reg 4 Req 5 Reg 6 Req 7 Req 8 to 10 Reg 11 Production budget. ZIGBY MANUFACTURING Production Budget April May 23,200 17,100 Total June 21,900 21,900 23,200 Budgeted sales units Add: Desired ending inventory Next period budgeted sales units Ratio of inventory to future sales Desired ending inventory units Total required units Less: Beginning inventory units Units to produce 80% 80% 17.100 80% 13,680 23,200 17,520 18,560 21,900 17.100 18,560 40,460 13,680 20,940 18,320 22,940 62,200 Req 1 Reg 2 Reg 3 Reg 4 Reg 5 Reg 6 Req 7 Req 8 to 10 Red Direct materials budget. (Round per unit values to 2 decimal places.) June Total 22,940 0.50 ZIGBY MANUFACTURING Direct Materials Budget April May Units to produce 18,320 20,940 Materials required per unit (pounds) 0.50 0.50 Materials needed for production (pounds) 9,160 10,470 Add: Desired ending inventory 5,235 5,735 Total materials required (pounds) 14,395 16,205 Less: Beginning materials inventory 4,580 5,235 Materials to purchase (pounds) 9,815 10,970 Materials cost per pound $ 20 $ 20 Cost of direct materials purchases S 196,300 $ 219,400 11,470 5,700 17,170 5,735 11,435 32,220 20 $ 20 $ $ 228,700 $ 644,400 Complete this question by entering your answers in the tabs below. Req 1 Reg 2 Reg 3 Req 4 Req 5 Req 6 Req 7 Req 8 to 1 Direct labor budget. (Round per unit values to 2 decimal places.) Units to produce Direct labor hours required per unit Direct labor hours needed Direct labor cost per hour Cost of direct labor ZIGBY MANUFACTURING Direct Labor Budget April May June Total 18,320 20,940 22,940 0.50 0.50 0.50 9,160 10,470 11,470 31,100 13 $ 13 $ 13 $ 13 $ 119,080 $ 136,110 $ 149,110 $ 404,300 Reg 1 Reg 2 Req3 Req 4 Req5 Reg 6 Req 7 Req 8 to 10 Reg actory overhead budget. (Round variable overhead rate values to 2 decimal places.) June Total 11,470 ZIGBY MANUFACTURING Factory Overhead Budget April May Direct labor hours needed 9,160 10,470 Variable overhead rate per direct labor hour $ 4.40 $ 4.40 $ Budgeted variable overhead $ 40,304 $ 46,068 $ Budgeted fixed overhead 37,320 37,320 Budgeted total factory overhead 77,624 $ 83,388 $ 4.40 50,468 $ 37,320 87,788 $ 136,840 111.960 248,800 Complete this question by entering your answers in the tabs below. Reg 1 Reg 2 Reg 3 Req 4 Req 5 Reg 6 Req 7 Reg 8 to 10 Reg 11 Selling expense budget. Total Budgeted sales Sales commission percent Sales commissions Sales salaries Total selling expenses ZIGBY MANUFACTURING Selling Expense Budget April May 580,000 427,500 5% 5% $ 29,000 $ 21,375 $ 4.700 4,700 $ 33,700 $ 26,075 $ Juno 547,500 5% 27,375 $ 4,700 32,075 $ 77,750 14,100 91,850 Complete this question by entering your answers in the tabs below. Reg 1 Reg 2 Reg 3 Req 4 Reg 5 Req 6 Req7 Reg 8 to 10 Req 11 General and administrative expense budget. Jung ZIGBY MANUFACTURING General and Administrative Expense Budget April May Administrative salaries $ 29,000 $ 29,000 S Interest on long-term note 4,000 4,000 Total general and administrative expenses S 33,000 $ 33,000 $ 29,000 $ 4,000 33,000 $ Total 87,000 12,000 99,000 senere or can receipts April $ 580,000 $ June Sales May 427,500 $ 547,500 Cash receipts from Cash sales Collections of prior period sales Total cash receipts 174,000 406,000 580,000 $ 128,250 406,000 534,250 $ 164.250 299.250 463,500 $ Schedule of Cash Payments for Direct Materials April May Materials purchases $ 196,300 $ 219,400 $ Cash payments for Current period purchases $ 0 $ os Prior period purchases 206,300 196,300 Total cash payments $ 206,300 $ 196,300 $ June 228.700 0 219.400 219,400 Cash Budget April May June Beginning cash balance Add: Cash receipts from sales Total cash available Less: Cash payments for Cash Budget April May June Beginning cash balance Add: Cash receipts from sales Total cash available Less: Cash payments for: 0 0 0 Total cash payments Preliminary cash balance [Additional loan (loan repayment) Ending cash balance 245,023 204,326 (29,000) 175,326 $ 124,470 (67,470) 57,000 $ 245,023 $ Loan balance May Juno April 29,000 $ (29,000) 0 Loan balance - Beginning of month Additional loan (loan repayment) Loan balance - End of month $ 0 (67,470) 0$ $ 0 Complete this question Req 1 Reg 2 Reg 3 Reg 4 Req 5 Reg 6 Req 7 Req 8 to Budgeted income statement for entire second quarter (not monthly). (Round your final answers ZIGBY MANUFACTURING Budgeted Income Statement For Three Months Ended June 30 Sales Cost of goods sold Gross profit Selling, general and administrative expenses Sales commissions expense Sales salaries expense General administrative salaries expense Long-term note interest expense Loan interest expense Retained earnings Total operating expenses Income before taxes 0 0 Income taxes expense Net income $ 0 Reg 1 Reg 2 Reg 3 Reg 4 Reg 5 Req 6 Req 7 Req 8 to 10 Reg 11 Budgeted balance sheet at June 30. (Round your final answers to the nearest whole dollar) ZIGBY MANUFACTURING Budgeted Balance Sheet June 30 Assets Cash Accounts receivable Raw materials inventory Finished goods inventory Equipment Add: Accumulated depreciation 0 Total assets Liabilities and Equity Liabilities Equity Total Liabilities and Equity