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Instructions Budgets Accounting Artifacts is a business created to sell lifesize abaci. Below are details regarding the budgetary assumpts for quarter three. Complete the following

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Instructions Budgets Accounting Artifacts is a business created to sell lifesize abaci. Below are details regarding the budgetary assumpts for quarter three. Complete the following instructions: A. Prepare a sales budget and schedule of expected cash follections for the quarter. B. Prepare a production budget for the quarter. C. Prepare a direct materials budget in pounds and dollars for the quarter and schedule of expected cash disbursements. D. Prepare a direct labor budget in hours and total cost for the quarter. E. Prepare a manulacturing overhead budget for the quarter. F. Propare a selling and administrative exponse budget for the quarter. G. Prepare a cash budget for the quarter. H. Prepare a budged income statement for the quarter-the corporation pays 21% of net operating income in federal income taxes (the state is incorporated in South Dakota where there is no state income tax). 1. Prepare a budgeted balance sheet at the end of the quarter

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