ive already completed the first 4. just need help with the last 6.

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 2019. ZIGBY MANUFACTURING Estimated Balance Sheet March 31, 2019 Assets Cash Accounts receivable. Raw materials inventory Finished goods inventory Total current assets Equipment Accumulated depreciation Equipment, net Total assets Liabilities and Equity Accounts payable Short-term notes payable Total current liabilities Long-term note payable Total liabilities Common stock Retained earnings Total stockholders' equity Total liabilities and equity $ 80,000 364,000 96,000 364,800 904,800 610,000 (155,000) 455,000 $1,359,800 $ 195,500 17,000 212,500 510,000 722,500 340,000 297,300 637, 300 $1,359,800 To prepare a master budget for April, May, and June of 2019, management gathers the following information. cept 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. 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 Factory overhead budget. (Round per unit values to 2 decimal places.) ZIGBY MANUFACTURING Factory Overhead Budget April, May, and June 2012 April May June Total Labor hours needed Budgeted variable overhead Budgeted fixed overhead Budgeted total overhead 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 Budget April, May, and June 2019 April May June Total budgeted G&A expenses ZIGBY MANUFACTURING Budgeted Balance Sheet June 30, 2019 Assets Total current assets $ 0 Equipment, net Total assets Liabilities and Equity Llabilities Total current liabilities Stockholders' Equity Total Stockholders' Equity Total Liabilities and Equity 10. Budgeted balance sheet. 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 2019 Budgeted Budgeted Budgeted Unit Sales Unit Price Sales Dollars April 2019 20,000 $ 26.00 $ 520,000 May 2019 19,000 26.00 494,000 June 2019 19,500 49.00 507,000 Totals for the second quarter 58,500 $1,621,000 Required Required 2 > Required 1 Requiled 2 Required 3 Required 4 Required 5 Required 6 Required 7 Required 8 Required 9 Required 10 Production budget. Total ZIGBY MANUFACTURING Production Budget April, May, and June 2019 April May Next month's budgeted sales (units) 19,000 19,500 Ratio of inventory to future sales 80% 80% Budgeted ending inventory (units) 15,200 15,600 Budgeted units sales for month 20,000 19.000 Required units of available production 35,200 34,600 Beginning inventory (units) 16,000 15,200 Units to be produced 19,200 19,400 June 20,000 80% 16,000 19,500 35,500 15,600 19,900 58,500 Required 1 Required 2 Required 3 Required 4 Required 5 Required 6 Required 7 Required 8 Required 9 Require Raw materials budget. (Round per unit values to 2 decimal places.) ZIGBY MANUFACTURING Raw Materials Budget April, May, and June 2019 April May June Total Production budget (units) 19,200 19,400 19,900 Materials requirements per unit 0.50 0.50 0.50 Materials needed for production 9,600 9,700 9,950 Budgeted ending inventory 4,850 4,975 4,500 Total materials requirements (units) 14,450 14,675 14,450 Beginning inventory 4,800 4,850 4,975 Materials to be purchased 9,650 9,825 9,475 28,950 Material price per unit $ 20 $ 20 $ 20 $ 60 Budgeted raw material purchases $ 193,000 $ 196,500 $ 189,500 $ 1,737,000 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 2019 April May June Total Budgeted production (units) 19,200 19,400 19,900 Labor requirements per unit (hours) 0.50 0.50 0.50 Total labor hours needed 9,600 9,700 9,950 29,250 Direct labor rate (per hour) $ 20 $ 20 $ 20 $ 20 Budgeted direct labor cost $ 192,000 $ 194,000 $ 199,000 $ 585,000 To prepare a master budget for April, May, and June of 2019, management gathers the following information a. Sales for March total 20,000 units. Forecasted sales in units are as follows: April, 20,000; May 19,000; June, 19,500; and July, 20,000. Sales of 245,000 units are forecasted for the entire year. The product's selling price is $26.00 per unit and its total product cost is $22.80 per unit. b. Company policy calls for a given month's ending raw materials inventory to equal 50% of the next month's materials requirements. The March 31 raw materials inventory is 4,800 units, which complies with the policy. The expected June 30 ending raw materials inventory is 4,500 units. Raw materials cost $20 per unit. Each finished unit requires 0.50 units of raw materials. c. Company policy calls for a given month's ending finished goods inventory to equal 80% of the next month's expected unit sales. The March 31 finished goods inventory is 16,000 units, which complies with the policy. d. Each finished unit requires 0.50 hours of direct labor at a rate of $20 per hour. e. Overhead is allocated based on direct labor hours. The predetermined variable overhead rate is $3.20 per direct labor hour. Depreciation of $23,400 per month is treated as fixed factory overhead. f. Sales representatives' commissions are 6% of sales and are paid in the month of the sales. The sales manager's monthly salary is $3,500 9. Monthly general and administrative expenses include $17,000 administrative salaries and 0.9% monthly interest on the long-term note payable. h. The company expects 30% of sales to be for cash and the remaining 70% on credit. Receivables are collected in full in the month following the sale (none are collected in the month of the sale). 1. All raw materials purchases are on credit, and no payables arise from any other transactions. One month's raw materials purchases are fully paid in the next month. J. The minimum ending cash balance for all months is $45,000. 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 k. Dividends of $15,000 are to be declared and paid in May. 1. No cash payments for income taxes are to be made during the second calendar quarter. Income tax will be assessed at 35% in the quarter and paid in the third calendar quarter. m. Equipment purchases of $135,000 are budgeted for the last day of June