I've completed numbers 1-4 already. can you help me complete numbers 5-8 ?? I need to transfer the information given into an excel worksheet.

The H\&BClothing Company manufactures luxury brand silk jackets. Currently the company makes classic style jackets in a single size. The production process involves drawing, cutting, and assembling the pattern pieces. Direct materials include two types of fabric - silk, and viscose for lining. Other materials, such as shoulder pads, stitching threads, buttons, labels, and packaging, are treated as indirect terials. H\&BClothing is preparing budgets for the third quarter ending September 2023. For each of the requirements ( 18 ) below, prepare monthly budgets for July, igust, and September, along with a total budget for the quarter. The previous year's sales (2022) for the corresponding period were: The company expects the above volume of jacket sales to increase by 15% for the period July 2023 - November 2023 . The budgeted selling price for 2023 is $735.00 per jacket. The company expects 10% of its sales to be cash (COD) sales. The remaining 90% of sales will be made on credit. Prepare a Sales Budget for H\&BClothing. The company desires to have finished goods inventory on hand at the end of each month equal to 12 percent of the following month's budgeted unit sales. Use the a ROUND function to round to the nearest whole number the number of jackets desired in ending inventory. On June 30,2023 , the company expects to have 55 jackets on hand. Use the @ ROUND function to round to the nearest whole number the number of jacket units to produce. Prepare a Production budget. (NOTE: an estimate of sales in October is required in order to complete the production budget for September). The jackets require two direct materials: silk fabric and viscose fabric for lining. Silk Silk fabric is purchased by the yard. 1.75 yards of silk fabric are required for each jacket produced. Management desires to have materials on hand at the end of each month equal to 15 percent of the following month's jacket production needs. Use the a ROUND function to round to the nearest whole number the number of yards of silk desired in ending inventory. The beginning inventory of silk fabric, July 2023 , is expected to be 220 yards. Silk fabric is expected to cost $25.00 per yard. Use the a ROUND function to round to the nearest whole number the number of yards of silk to purchase (DM to purchase). (NOTE: budgeted production in October is required in order to complete the direct materials budget for September.) Viscose for lining Viscose fabric is purchased by the yard. 2.2 yards of viscose fabric are required for each jacket produced. Management desires to have viscose fabric on hand at the end of each month equal to 11 percent of the following month's production needs. Use the a ROUND function to round to the nearest whole number the number of viscose yards desired in ending inventory. The beginning inventory, July 2023 , is expected to be 187 yards. 10 yards of viscose fabric is expected to cost $110 (\$11 per yard). Use the ( ROUND function to round to the nearest whole number the number of viscose fabric yards to purchase (DM to purchase). (NOTE: budgeted production in October is required in order to complete the direct materials budget for September.) Prepare a Direct Materials budget. Also, because two direct materials are required for production - silk and viscose fabric - you will need a separate schedule for each direct material. 4. Each jacket requires 12 hours of direct labor. H\&BClothing uses a series of drawing, cutting, and sawing machines set up for specialized operations to achieve production efficiencies. Direct labor costs the company \$25 per hour. Prepare a Direct Labor budget. 5. H\&BClothing budgets indirect materials (c.g., shoulder pads, stitching threads, buttons, labels, and packaging) at $35.50 per jacket. H\&BClothing treats indireet labor and utilities as mixed costs. The variable components are $20.00 per jacket for indirect labor and $5.50 per jacket for utilities. The following fixed costs per month are budgeted for indirect labor, $25,000, utilities, $2,200, and other, $22,000. Prepare a Manufacturing Overhead budget. 6. Variable selling and administrative expenses are $45.50 per jacket sold. Fixed selling and administrative expenses are $35,000 per month. These costs are not itemized, i.e., the budget has only two line items - variable operating expenses and fixed operating expenses. Prepare an Operating Expenses budget. 7. Prepare a Budgeted Manufacturing Cost per unit budget. Refer to exhibit 9-11 for guidance. To calculate FMOH/unit calculate total FMOH for the year and divide this by budgeted production for the year. The total production volume for the year is budgeted at 9,500 jackets. 8. Prepare a Budgeted Income Statement for the quarter for H\&BClothing. Assume interest expense of 50 , and income tax expense of 21% of income before taxes. Directions: Refer to Chapter 9 (The Master Budget) for guidance in setting up your budgets and schedules. Adapt your schedules for the specific details outlined in the requirements above. Prepare your budgets using Excel. Use formulas and cell references so that any change you make in one budget is carried through to all the budgets. There should be no hard keyed numbers in your formulas. For example, if you change the 'sales volume increase' from 15% to 20% you should see effects of that change throughout the other budgets. Likewise, if the budgeted selling price per jacket changes from $735 to $800 your spreadsheet model should be able to quickly and easily accommodate this change, i.e., change the input cell for budgeted selling price and see the effect on income. The spreadsheet will be graded on presentation, correctness, and quality of your spreadsheet model (i.e., does it update correctly for changes in input variables). See the grading rubric on Canvas. You should approach this assignment as if you are the Management Accountant at the H\&BClothing Company and you are going to present these budgets in a meeting to the CEO, CFO, and other management personnel. Some general principles to follow in constructing your Excel spreadsheet model: 1. Prepare an input area in which you enter all input variables - e.g., selling price, budgeted volume increase, yards per jacket, ending inventory percentage, etc. You may use the "Assumptions" tab of the sample spreadsheet or a designated area within your budget spreadsheet, as long as the input area is clearly labeled and neatly organized. 2. Each schedule should refer to the input area for each constant data value (see sample spreadsheet file). To the extent possible, keep all constant values together in one area of the worksheet. An important principle of good spreadsheet design is to keep just one copy of each constant value. That is, enter a constant value in only one location in the worksheet. Then if you use the value in another cell, use a cell reference that refers to the constant value's unique location. Example (hypothetical): You enter the constant value of 6% for sales tax in cell E5. When you write a formula in your worksheet that requires sales tax, reference E5 in the formula instead of "hard coding" in the 6% value. Do:=subtotalE5Dont:=subtotal6% 3. Use cell references for constant data values and to calculate formulas within your spreadsheet. There should be no hard-keved numbers in vour formulas. For example, the formula to determine current period sales in units should reference an input cell with last year's sales volume and a cell with the volume percentage increase. Operating Expense Budget July August September Quarter