If possible please show calculations for each as I am not just looking for answers but needing help with the calculations for studying purposes.

k. Dividends of $16,000 are budgeted to be deciared 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. m. Equipment purchases of $160,000 are budgeted for the last day of June. Required: 1. Sales budget. 2. Production budget 3. Direct materials budget: 4. Direct labor budget. 5. Factory overhead budget: 6. Selling expense budget. 7. General and administrative expense budget. 8. Schedule of cash receipts 9. Schedule of cash payments for direct materlals 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 below. Req 11 Reg 12 The management of Zigby Manufacturing prepared the following balance sheet for March 31 . Budgeted income statement for entire second quarter (not monthly). Note: Round your final answers to the nearest whole dollar. \begin{tabular}{|l|r|r|r|} \hline \multicolumn{4}{|c|}{ ZIGBY MANUFACTURING } \\ & Direct Materials Budget \\ \hline Units to produce & April & May & June \\ \hline Materials required per unit (pounds) & 31,520 & 31,840 & 32,640 \\ \hline Materials needed for production (pounds) & 15,760 & 15,920 & 16,320 \\ \hline Add: Desired ending inventory & 7,960 & 8,160 & 6,400 \\ \hline Total materials required (pounds) & 23,720 & 24,080 & 22,720 \\ \hline Less: Beginning materials inventory & 7,880 & & \\ \hline Materials to purchase (pounds) & & & \\ \hline Materials cost per pound & & & \\ \hline \end{tabular} Factory overhead budget. Note: Round variable overhead rate values to 2 decimal places. 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 $16,000 are budgeted to be declared and paid in May. I. 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. m. Equipment purchases of $160,000 are budgeted for the last day of June. General and administrative expense budget. 8. Schedule of cash receipts. 9. Schedule of cash payments for direct materials. 10. Cash budget. Note: Negative balances and Loan repayment amounts (if any) should be indicated with minus sign. Enter $0 when applicable. Do not leave cells blank. Selling expense budget. Budgeted balance sheet at June 30 . Note. Round vour final ancimere to the naaract whole dollar Direct labor budget. Note: Round per unit values to 2 decimal places. To prepare a master budget for April, May, and June, management gathers the following information a. Sales for March total 32,800 units. Budgeted sales in units foliow; April, 32,800; May, 31,200; June, 32,000; and July, 32,800 The product's selling price is $24.00 per unit and its total product cost is $19.85 per unit. b. Raw materials inventory consists solely of direct materiais 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 7,880 pounds. The budgeted June 30 ending raw materials inventory is 6,400 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 26,240 units. d. Each finished unit requires 0.50 hour of direct labor at a rate of $15 per hour: e. The predetermined variable overhead rate i\$ $2.70 per direct labor hour. Depreciation of $32,000 per month is the only fixed factory overhead item. f. Sales commissions of 8% of sales are paid in the month of the sales. The sales manager's monthly salary is $4.800. 9. Monthly general and administrative expenses include $19,200 for administrative salaries and 0.9% monthly interest on the longterm 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). i. 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 $64,000. 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 $16,000 are budgeted to be declared and paid in May