I need help with this question, it's a 10 part question. I have already completed 1-7, I need help with 8-10.

Problem 20-4A Manufacturing: Preparation of a complete master budget LO P1, P2, P3

The management of Zigby Manufacturing prepared the following estimated balance sheet for March 2017:

ZIGBY MANUFACTURING Estimated Balance Sheet March 31, 2017
Assets
Cash	$	80,000
Accounts receivable		487,500
Raw materials inventory		93,390
Finished goods inventory		438,000
Total current assets		1,098,890
Equipment, gross		640,000
Accumulated depreciation		(170,000	)
Equipment, net		470,000
Total assets	$	1,568,890
Liabilities and Equity
Accounts payable	$	215,690
Short-term notes payable		32,000
Total current liabilities		247,690
Long-term note payable		520,000
Total liabilities		767,690
Common stock		355,000
Retained earnings		446,200
Total stockholders equity		801,200
Total liabilities and equity	$	1,568,890

To prepare a master budget for April, May, and June of 2017, management gathers the following information:

1. Sales for March total 25,000 units. Forecasted sales in units are as follows: April, 25,000; May, 17,100; June, 22,300; and July, 25,000. Sales of 260,000 units are forecasted for the entire year. The products selling price is $26.00 per unit and its total product cost is $21.90 per unit.
2. Company policy calls for a given months ending raw materials inventory to equal 50% of the next months materials requirements. The March 31 raw materials inventory is 4,670 units, which complies with the policy. The expected June 30 ending raw materials inventory is 6,000 units. Raw materials cost $20 per unit. Each finished unit requires 0.50 units of raw materials.
3. Company policy calls for a given months ending finished goods inventory to equal 80% of the next months expected unit sales. The March 31 finished goods inventory is 20,000 units, which complies with the policy.
4. Each finished unit requires 0.50 hours of direct labor at a rate of $16 per hour.
5. Overhead is allocated based on direct labor hours. The predetermined variable overhead rate is $4.00 per direct labor hour. Depreciation of $40,790 per month is treated as fixed factory overhead.
6. Sales representatives commissions are 10% of sales and are paid in the month of the sales. The sales managers monthly salary is $5,000.
7. Monthly general and administrative expenses include $21,000 administrative salaries and 0.9% monthly interest on the long-term note payable.
8. The company expects 25% of sales to be for cash and the remaining 75% on credit. Receivables are collected in full in the month following the sale (none are collected in the month of the sale).
9. All raw materials purchases are on credit, and no payables arise from any other transactions. One months raw materials purchases are fully paid in the next month.
10. The minimum ending cash balance for all months is $99,000. If necessary, the company borrows enough cash using a short-term note to reach the minimum. Short-term notes require an interest payment of 1% at each month-end (before any repayment). If the ending cash balance exceeds the minimum, the excess will be applied to repaying the short-term notes payable balance.
11. Dividends of $30,000 are to be declared and paid in May.
12. No cash payments for income taxes are to be made during the second calendar quarter. Income tax will be assessed at 40% in the quarter and paid in the third calendar quarter.
13. Equipment purchases of $150,000 are budgeted for the last day of June.

Required: Prepare the following budgets and other financial information as required. All budgets and other financial information should be prepared for the second calendar quarter, except as otherwise noted below. (Round calculations up to the nearest whole dollar, except for the amount of cash sales, which should be rounded down to the nearest whole dollar.): 1. Sales budget. 2. Production budget. 3. Raw materials budget. 4. Direct labor budget. 5. Factory overhead budget. 6. Selling expense budget. 7. General and administrative expense budget. 8. Cash budget. 9. Budgeted income statement for the entire second quarter (not for each month separately). 10. Budgeted balance sheet.

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Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Required 5 Required 6 Required 7 Required 8 Required 9 Required 10 Sales budget. (Round Budgeted unit price to 2 decimal places.) ZIGBY MANUFACTURING Sales Budget April, May, and June 2017 Budgeted Budgeted Budgeted April 2017 May 2017 June 2017 Totals for the second quarter Unit Sales Unit Price Sales Dollars 25,000 S 26.00S 650,000 444,600 2,3002600579,800 $ 1,674,400 17,100 26.00 64,400 Complete this question by entering your answers in the tabs below Required 1 Required 2 Required 3 Required 4 Required 5 Required 6 Required 7 Required 8 Required 9 Required 10 Production budget. ZIGBY MANUFACTURING Production Budget April, May, and June 2017 April May June Total 17,100 Next month's budgeted sales (units) Ratio of inventory to future sales Budgeted ending inventory (units) Budgeted units sales for month Required units of available production Beginning inventory (units) Units to be produced 80% 13,680 25,000 38,680 20,000 18,680 22,300 80% 17,840 17,100 34,940 13,680 21,260 25,000 80% 20,000 22,300 42,300 17,840 24,460 64,400 Required 1 Required3 > Complete this question by entering your answers in the tabs below Required 1 Required 2 Required 3Required 4 Required 5 Required 6 Required 7 Required 8 Required 9 Required 10 Raw materials budget. (Round per unit values to 2 decimal places.) ZIGBY MANUFACTURING Raw Materials Budget April, May, and June 2017 April May June Total Production budget (units) Materials requirements per unit Materials needed for production Budgeted ending inventory Total materials requirements (units) Beginning inventory Materials to be purchased Material price per unit Budgeted raw material purchases 18,680 0.50 9,340 5,315 14,655 4,670 9,985 21,260 0.50 10,630 6,115 16,745 5,315 11,430 24,460 0.50 12,230 6,000 18,230 6,115 12,115 33,530 20 $199,700 $228,600$ 242,300$ 670,600 20$ 20$ 20$ Complete this question by entering your answers in the tabs below Required 1 Required 2 Required 3 Required 4 Required 5 Required 6 Required 7 Required 8 Required 9 Required 10 Direct labor budget. (Round per unit values to 2 decimal places.) ZIGBY MANUFACTURING Direct Labor Budget April, May, and June 2017 April May June Total 18,680 0.50 9,340 21,260 0.50 10,630 24,460 0.50 12,230 16 S Budgeted production (units) abor requirements per unit (hours) Total labor hours needed 32,200 16 $149,440$ 170,080$195,680 S 515,200 16 S 16 S irect labor rate (per hour) Budgeted direct labor cost Complete this question by entering your answers in the tabs below Required 1 Required 2 Required 3 Required 4 Required 5 Required 6 Required 7 Required 8 Required 9 Required 10 Selling expense budget. ZIGBY MANUFACTURING Selling Expense Budget April, May, and June 2017 April $ 650,000 May June Total 444,600579,800 10% Budgeted sales Sales commission percent Sales commissions Sales salaries Total budgeted sing expenses 10% 10% 65,000 S 44,460 $ 57,980$167,440 15,000 62,980 $182,440 5,000 5,000 5,000 70,000 $ 49,460 $ Complete this question by entering your answers in the tabs below Required 1 Required 2 Required 3 Required 4 Required 5 Required 6 Required 7 Required 8 Required 9 Required 10 General and administrative expense budget ZIGBY MANUFACTURING General and Administrative Expense Budgets April, May, and June 2017 April May June Total 21,000 $ Salaries Interest on long-term note Total budgeted G&A expenses 21,000$ 21,000$ 63,000 14,040 77,040 4,680 4,680 4,680 25,680 $ 25,680 $ 25,680 $ Required 1 Required 2 Required 3 Required 4 Required 5 Required 6 Required 7 Required 8 Required 9 Required 10 Cash budget. (Negative balances and Loan repayment amounts (if any) should be indicated with minus sign.) Calculation of Cash receipts from customers April May June Total budgeted sales Cash sales Sales on credit $650,000444,600579,800 144,950 75% $ 487,500|$ 333450|$ 434,850 25% 162,500 111,150 Total cash receipts from customers May $162,500,150144,950 April June Current month's cash sales Collections of receivables Total cash receipts 487,500 487,500 333,450 $ 650,000 $ 598,650$ 478,400 ZIGBY MANUFACTURING Cash Budget April, May, and June 2017 April May June Beginning cash balance Cash receipts from customers Total cash available 80,000 650,000 730,000 ash payments for: Raw materials Direct labor Variable overhead Sales commissions Sales salaries General & administrative salaries Dividends Loan interest Long-term note interest Purchases of equipment 215,690 149,440 37,360 65,000 5,000 21,000 4,680 Total cash payments Preliminary cash balance Additional loan (loan repayment) Ending cash balance 498,170 151,830 Loan balance April May June Loan balance Beginning of month Additional loan (loan repayment) Loan balance - End of month Required 1 Required 2 Required 3 Required 4 Required 5 Required 6 Required 7 Required 8 Required 9 Required 10 Budgeted income statement for the entire second quarter (not for each month separately). (Round your final answers to the nearest whole dollar.) ZIGBY MANUFACTURING Budgeted Income Statement For Three Months Ended June 30, 2017 Operating expenses Total operating expenses Required 8 Required 10> Required 1 Required 2 Required 3 Required 4 Required 5 Required 6 Required 7 Required 8 Required 9 Required 10 Budgeted balance sheet. (Round your final answers to the nearest whole dollar.) ZIGBY MANUFACTURING Budgeted Balance Sheet June 30, 2017 Assets Cash Accounts receivable Raw materials inventory Finished goods inventory 80,000 Total current assets $80,000 Equipment Accumulated depreciation Equipment, net Total assets Liabilities and Equity Liabilities Accounts payable Bank loan payable Income taxes payable Total current liabilities Long-term note payable Stockholders' Equity Common stock Retained earnings Total Stockholders' Equity Total Liabilities and Equity