Just do the ones with blanks. the ones i have filled in are just for reference! thank you

Mastery Problem: Budgeting LearnCo LearnCo manufactures and sells one product, an abacus for classroom use, with two models, the Basic model and the Deluxe model. The company began operations on January 1, 20Y1, and is planning for 20Y2, its second year of operations, by preparing budgets from its master budget. The company is trying to decide how many units to manufacture, how much it might spend on direct materials and direct labor, and what their factory overhead expenses might be. In addition, the company is interested in budgeting for selling and administrative costs, and in creating a budgeted income statement showing a prediction of net income for 20Y2. You have been asked to assist the controller of LearnCo in preparing the 2012 budgets. Sales Budget The sales budget often uses the prior year's sales as a starting point, and then sales quantities are revised for various factors such as planned advertising and promotion, projected pricing changes, and expected industry and general economic conditions. LearnCo has completed reviewing its prior year's sales and has prepared the following sales budget. After reviewing LearnCo's sales budget, you note that three numbers have been omitted. The company's controller has told you that the units sold for the Basic and Deluxe models are expected to be the same. Fill in the missing amounts. Learn Co Sales Budget For the Year Ending December 31, 20Y2 LearnCo Sales Budget For the Year Ending December 31, 20Y2 Total Unit Sales Volume Unit Selling Price Product Sales Basic Abacus 36,000 $8 $288,000 Deluxe Abacus 36,000 12 432,000 Totals 72,000 $720,000 Feedback Production Budget The production budget should be integrated with the sales budget to ensure that production and sales are kept in balance during the year. The production budget estimates the number of units to be manufactured to meet budgeted sales and desired inventory levels. You note that LearnCo has omitted six numbers from the following production budget and fill in the missing amounts. You may need to use numbers from the sales budget you prepared. LearnCo Production Budget For the Year Ending December 31, 20Y2 Production Budget The production budget should be integrated with the sales budget to ensure that production and sales are kept in balance during the year. The production budget estimates the number of units to be manufactured to meet budgeted sales and desired inventory levels. You note that LearnCo has omitted six numbers from the following production budget and fill in the missing amounts. You may need to use numbers from the sales budget you prepared. LearnCo Production Budget For the Year Ending December 31, 20Y2 Units Basic Units Deluxe 36,000 36,000 1,000 3,000 Expected units to be sold (from Sales Budget) Desired ending inventory, December 31, 20Y2 Total units available Estimated beginning inventory, January 1, 20Y2 Total units to be produced 37,000 39,000 (1,050) (2,100) 35,950 36,900 Feedback Direct Materials Purchases Budget Direct Materials Purchases Budget The direct materials purchases budget should be integrated with the production budget to ensure that production is not interrupted during the year. Before you make any changes to the budget, you review the information on the following Direct Materials Data Table and enter the units to be produced from the Production Budget. After scanning the direct materials purchases budget (which follows the Direct Materials Data Table), you observe that LearnCo has omitted quite a few numbers from the budget. Fill in the missing amounts. You may need to use numbers from the Direct Materials Data Table, or from the sales budget and production budget you prepared. When required, round your answers to the nearest dollar. Direct Materials Data Table Wood Pieces Beads Packages required per unit: Basic abacus 1 2. Deluxe abacus N 2 3 $0.25 Cost per package: Wood pieces Beads Units to be produced (from Production Budget): $0.25 Peny Basic abacus Deluxe abacus LearnCo Direct Materials Purchases Budget For the Year Ending December 31, 20Y2 Direct Materials Wood Pieces Beads Total Packages required for production: Basic abacus Deluxe abacus 2,200 5,000 Desired inventory, December 31, 20Y2 Total packages available Estimated inventory, January 1, 20Y2 (3,500) (4,500) Total packages to be purchased Unit price (per package) Total direct materials to be purchased $ $72,888 Direct Labor Data Table Gluing Assembly Hours required per unit: Basic abacus 0.10 0.10 Deluxe abacus 0.10 0.20 Labor hourly rate: Gluing $13 Assembly $19 Units to be produced (from Production Budget): Basic abacus II Deluxe abacus Direct Labor Cost Budget For the Year Ending December 31, 20Y2 Gluing Assembly Hours required for production: Basic abacus Total I Deluxe abacus Total Hourly rate X $ x $ Total direct labor cost $303,230 Factory Overhead Cost Budget The factory overhead cost budget should be integrated with the production budget to ensure that production is not interrupted during the year. This budget may be supported by departmental schedules, which normally separate factory overhead costs into fixed and variable costs so that department managers may monitor and evaluate costs during the year. For simplicity, LearnCo has not separated costs in this manner. After reviewing the following factory overhead cost budget, you note that Learnto has completed the budget with the exception of one amount. Fill in the missing amount. Learn Co Factory Overhead Cost Budget For the Year Ending December 31, 20Y2 Indirect factory wages $5,400 Power and light Depreciation of plant and equipment 1,450 Total factory overhead cost $18,100 > $9,870 $2,010 Cost of Goods For the Year Ending December 31, 20Y2 Finished goods inventory, January 1, 20Y2 Work in process inventory, January 1, 20Y2 Direct materials: Direct materials inventory, January 1, 2012 $2,000 Direct materials purchases Cost of direct materials available for use Direct materials inventory, December 31, 20Y2 (1,800) Cost of direct materials placed in production Direct labor UUD Factory overhead Total manufacturing costs Total work in process during period (1,250) Work in process inventory, December 31, 20Y2 Cost of goods manufactured Cost of finished goods available for sale Finished goods inventory, December 31, 20Y2 Cost of goods sold (1,500) LearnCo Selling and Administrative Expenses Budget For the Year Ending December 31, 20Y2 Selling expenses: Sales salaries expense $45,000 Advertising expense 15,000 Travel expense 5,400 Total selling expenses $65,400 Administrative expenses: Officers' salaries expense $85,000 Office salaries expense 35,000 Office rent expense 26,000 6,400 Office supplies expense Miscellaneous administrative expenses Total administrative expenses 1,600 154,000 Total selling and administrative expenses $219,400 Budgeted Income Statement Budgeted Income Statement For the Year Ending December 31, 20Y2 Revenue from sales Cost of goods sold Gross profit Selling and administrative expenses: Selling expenses Administrative expenses Total selling and administrative expenses Operating income Other revenue and expense: Interest revenue Interest expense Income before income tax Llog Income tax Net income