Jones Corporatiom has the following budgeted sales for the selected four month period.

a) prepare a sales bufget for july august and september and in totoal for the quarter

b)prepare a production budget for july august and september and in totoal for the quarter

c)prepaew a direct materials purchases budget in pounds and dollars for july august and septemver and in totoal for the quarter

d)prepare a direct labor budget in hours and total cost for july august and septemver and in totoal for the quarter

e)Prepare an overhead budget for july august and septemver and in totoal for the quarter

f) prepare a selling and administratice expense budget for july august and septemver and in totoal for the quarter

g) prepare an endung finish goods inventoru budget for the quarter

h)Prepare a cost of goods sold budget for the quarter

i)Prepare a budgeted income statement for the quarter-the company falls into the 35% tax bracket for income tax

Jones Corporation as the following budgeted sales for the selected four month period: Month Unit Sales July 20,000 August 35,000 September 25,000 October 30,000 Sale price per unit $100 Plans are to have an inventory of inched product equal to 20 percent of the unit sales for the next month. There were 4,000 units in beginning inventary on July 1. Three pounds of materials are recured for each unit produced. Each pound of material costs $20. Inventory level for materials equal 30 percent of the needs for the next month Deared ending inventory for September 18 25,200 peunds of material. Beginning wventory for July was 20,200 pounds of material Each unit requires 0.6 hours of direct labor and the average wage rate is 16 per hour Variable overhead rates $3.50 per direct labor hout. There is also ved overhead of $22,000 per month The company pays a commission on sales The Company Profoxed setting and administrative expenses as follows: Rent $6,000/month Utiles $1,200/month Advertising $400/month Office Salaries $35,000/month Required Required: If required, round your answers to two decimal places. A. Prepare a sales budget for July August, and September and is total for the quarter Jones Corporation Sales Budget July August Total 20.000 35.000 Units to be soli Sales price Total sales dollar September 25.000 160 180 180 no 000 10 600.000 6.300.000 4.500.000 14.400.000 1. Prepare a production budget for August, and September and in total for the Progress: 1/1 items Ow My War 10 Cho My Works Assignments 0 0% B. Prepare a production budget for July, August, and September and in total for the quarter. Jones Corporation Production Budget July August September Total Sales Add: Desired ending inventory Total needs Less: Beginning inventory Units to be produced C. Prepare a direct materials purchases budget in pounds and dollars for July, August, and September and in total for the quarter, Jones Corporation Direct Materials Budget July - August September Total Units to be produced x lbs. per unit Pounds needed