i need help on problem 6-43 requierments 1-4, some of the information is from question6-43

6-43 Cash budgeting, budgeted balance sheet. (Continuation of 6-42) (Appendix) Refer to the information in Problem 6-42. Budgeted balances at January 31, 2018 are as follows: Cash Accounts receivable Budge Inventory Property, plant and equipment (net) $1,175,600 Accounts payable Long-term liabilities 182,000 Stockholders' equity Selected budget information for December 2017 follows: Cash balance, December 31, 2017 $ 124,000 Budgeted sales 1,650,000 Budgeted materials purchases $20,000 Customer invoices are payable within 30 days. From past experience, Skulas's accountant projects 40% of invoices will be collected in the month invoiced, and 60% will be collected in the following month. Accounts payable relates only to the purchase of direct materials. Direct materials are purchased on credit with 50% of direct materials purchases paid during the month of the purchase, and 50% paid in the month following purchase. S Fixed manufacturing overhead costs include $64,000 of depreciation costs and fixed nonmanufacturing overhead costs include $10,000 of depreciation costs. Direct manufacturing labor and the remaining manu- facturing and nonmanufacturing overhead costs are paid monthly All property, plant, and equipment acquired during January 2018 were purchased on credit and did not entail any outflow of cash. There were no borrowings or repayments with respect to long-term liabilities in January 2018 On December 15, 2017, Skulas's board of directors voted to pay a $160,000 dividend to stockholders on January 31, 2018 1. Prepare a cash budget for January 2018. Show supporting schedules for the calculation of collection of receivables and payments of accounts payable, and for disbursements for fixed manufacturing and nonmanufacturing overhead 2. Skulas is interested in maintaining a minimum cash balance of $120,000 at the end of each month. Will Skulas be in a position to pay the $160,000 dividend on January 31? 3. Why do Skulas's managers prepare a cash budget in addition to the revenue, expenses, and operating income budget? 4. Prepare a budgeted balance sheet for January 31, 2018 by calculating the January 31, 2018 balances in (a) Cash (b) accounts receivable (cinventory id) accounts payable and tel plugging in the balance for stockholders' equity Required 3-44 Comprehensive problem; ABC manufacturing, two products, Hazlett, Inc, operates at capacity and 020 6.42 Comprehensive operating budget. Skulas, Inc., manufactures and sells snowboards. Skulas manu. factures a single model, the Pipex. In late 2017, Skulas's management accountant gathered the following data to prepare budgets for January 2018 Materials and Labor Requirements Direct materials Wood 9 board feet (.) per snowboard Fiberglass 10 yards per snowboard Direct manufacturing labor 5 hours per snowboard Skulas's CEO expects to sell 2,500 snowboards during January 2018 at an estimated retail price of $650 per board. Further, the CEO expects 2018 beginning inventory of 500 snowboards and would like to end January 2018 with 200 snowboards in stock Direct Materials Invento Beginning Inventory 1/1/2018 Ending Inventory 1/31/2018 - 2,040 b.f. 1,540 b.f. 1,040 yards 2,040 yards Wood Fiberglass Variable manufacturing overhead is $7 per direct manufacturing laborhout. There are also $81,000 in fixed manufacturing overhead costs budgeted for January 2018. Stuas combines both variable and fixed manu facturing overhead into a single rate based on direct manufacturing labor-hours. Variable marketing costs are allocated at the rate of $250 per sales visit. The marketing plan calls for 38 sales visits during January 2018. Finally, there are $35,000 in fixed nonmanufacturing costs budgeted for January 2018 Other data include: A 2017 Unit Price $32.00 per but $ 8.00 per yard $28.00 per hour 2018 Unit Price $34.00 per b.f. S 9.00 per yard $23.00 per hour Fiberglass Direct manufacturing labor The inventoriable unit cost for ending fnished-goods inventory on December 31, 2017 is $374.80. Assume Skulas uses a FIFO inventory method for both direct materials and finished goods. Ignore work in process in your calculations. 1. Prepare the January 2018 revenues budget (in dollars. 2. Prepare the January 2018 production budget in units 3. Prepare the direct material usage and purchases budgets for January 2018 4. Prepare a direct manufacturing labor costs budget for January 2018 5. Prepare a manufacturing overhead costs budget for January 2018 6. What is the budgeted manufacturing overhead rate for January 2018? 7. What is the budgeted manufacturing overhead cost per ottunt in January 2018? 8. Calculate the cost of a snowboard manufactured in January 2018 5. Prepare an ending inventory budget for both direct material and findhed goods for January 2018 10. Prepare a cost of goods sold budget for January 2018 11. Prepare the budgeted income statement for Skulas, Inc. for January 2015 12 What questions might the CEO as the manacement team when reviewing the budget should the CEO set stretch targets? Explain briefly 13. How does preparing the budget help Skulasi management team better manage the company? 6-43 Cash budgeting, budgeted balance sheet. (Continuation of 6-42) (Appendix) Refer to the information in Problem 6-42. Budgeted balances at January 31, 2018 are as follows: Cash Accounts receivable Budge Inventory Property, plant and equipment (net) $1,175,600 Accounts payable Long-term liabilities 182,000 Stockholders' equity Selected budget information for December 2017 follows: Cash balance, December 31, 2017 $ 124,000 Budgeted sales 1,650,000 Budgeted materials purchases $20,000 Customer invoices are payable within 30 days. From past experience, Skulas's accountant projects 40% of invoices will be collected in the month invoiced, and 60% will be collected in the following month. Accounts payable relates only to the purchase of direct materials. Direct materials are purchased on credit with 50% of direct materials purchases paid during the month of the purchase, and 50% paid in the month following purchase. S Fixed manufacturing overhead costs include $64,000 of depreciation costs and fixed nonmanufacturing overhead costs include $10,000 of depreciation costs. Direct manufacturing labor and the remaining manu- facturing and nonmanufacturing overhead costs are paid monthly All property, plant, and equipment acquired during January 2018 were purchased on credit and did not entail any outflow of cash. There were no borrowings or repayments with respect to long-term liabilities in January 2018 On December 15, 2017, Skulas's board of directors voted to pay a $160,000 dividend to stockholders on January 31, 2018 1. Prepare a cash budget for January 2018. Show supporting schedules for the calculation of collection of receivables and payments of accounts payable, and for disbursements for fixed manufacturing and nonmanufacturing overhead 2. Skulas is interested in maintaining a minimum cash balance of $120,000 at the end of each month. Will Skulas be in a position to pay the $160,000 dividend on January 31? 3. Why do Skulas's managers prepare a cash budget in addition to the revenue, expenses, and operating income budget? 4. Prepare a budgeted balance sheet for January 31, 2018 by calculating the January 31, 2018 balances in (a) Cash (b) accounts receivable (cinventory id) accounts payable and tel plugging in the balance for stockholders' equity Required 3-44 Comprehensive problem; ABC manufacturing, two products, Hazlett, Inc, operates at capacity and 020 6.42 Comprehensive operating budget. Skulas, Inc., manufactures and sells snowboards. Skulas manu. factures a single model, the Pipex. In late 2017, Skulas's management accountant gathered the following data to prepare budgets for January 2018 Materials and Labor Requirements Direct materials Wood 9 board feet (.) per snowboard Fiberglass 10 yards per snowboard Direct manufacturing labor 5 hours per snowboard Skulas's CEO expects to sell 2,500 snowboards during January 2018 at an estimated retail price of $650 per board. Further, the CEO expects 2018 beginning inventory of 500 snowboards and would like to end January 2018 with 200 snowboards in stock Direct Materials Invento Beginning Inventory 1/1/2018 Ending Inventory 1/31/2018 - 2,040 b.f. 1,540 b.f. 1,040 yards 2,040 yards Wood Fiberglass Variable manufacturing overhead is $7 per direct manufacturing laborhout. There are also $81,000 in fixed manufacturing overhead costs budgeted for January 2018. Stuas combines both variable and fixed manu facturing overhead into a single rate based on direct manufacturing labor-hours. Variable marketing costs are allocated at the rate of $250 per sales visit. The marketing plan calls for 38 sales visits during January 2018. Finally, there are $35,000 in fixed nonmanufacturing costs budgeted for January 2018 Other data include: A 2017 Unit Price $32.00 per but $ 8.00 per yard $28.00 per hour 2018 Unit Price $34.00 per b.f. S 9.00 per yard $23.00 per hour Fiberglass Direct manufacturing labor The inventoriable unit cost for ending fnished-goods inventory on December 31, 2017 is $374.80. Assume Skulas uses a FIFO inventory method for both direct materials and finished goods. Ignore work in process in your calculations. 1. Prepare the January 2018 revenues budget (in dollars. 2. Prepare the January 2018 production budget in units 3. Prepare the direct material usage and purchases budgets for January 2018 4. Prepare a direct manufacturing labor costs budget for January 2018 5. Prepare a manufacturing overhead costs budget for January 2018 6. What is the budgeted manufacturing overhead rate for January 2018? 7. What is the budgeted manufacturing overhead cost per ottunt in January 2018? 8. Calculate the cost of a snowboard manufactured in January 2018 5. Prepare an ending inventory budget for both direct material and findhed goods for January 2018 10. Prepare a cost of goods sold budget for January 2018 11. Prepare the budgeted income statement for Skulas, Inc. for January 2015 12 What questions might the CEO as the manacement team when reviewing the budget should the CEO set stretch targets? Explain briefly 13. How does preparing the budget help Skulasi management team better manage the company