Label Each Step:

Requirement 1. Prepare the following budgets. a. Prepare the revenues budget. Additional Blanket Information The company sows the blankets from fabric and sews on a logo patch purchased from the licensed logo store site. The teams are as follows: - Broncos, with red blankets and the Broncos logo - Rams, with black blankets and the Rams logo Also, the black blankets are slightly larger than the red blankets. Requirement 1. Prepare the following budgets. a. Prepare the revenues budget. Budgeted Direct-Cost Inputs Requirement 1. Prepare the folowing budgets. a. Prepare the revenues budget. Requilement 1. Prepare the following budgets a. Prepare the revenues budget. Direct-Cost Inputs Unt cost data for direct-cost inputs pertaining to Fetruary 2020 and March 2020 are as follows: Requirement 1. Prepare the folowing budgets. a. Prepare the revenues budget. Manufacturing Overhead Information The budgeted variable manutacturing overhead rate for March 2020 is 522 per drect manufacturing laber-hour. The budgeted fied manutacturing ovetiead for March 2020 is $41,000. Both variable and fixed manufacturing overhead costs are allocated to each unit of finished goodi. Requirement 1. Prepare the tollowing budgets a. Prepare the revenues budget Finished Goods Inventory Data relating to finished goods inventory for March 2020 are as follows: Requirement 1. Prepare the following budgets. a. Prepare the revenues budget. Sales and Other Information Budgeted sales for March 2020 are 190 units of the Broncos blanikets and 220 units of the Rams blankets. The budgeted selling prices per unil in March 2020 are 3859 for the Brencos blankots and $953 for the Rams blankets. Assume the following in your answer: - Work-in-process inventories are negligtole and ignored. - Direct materials irventory and finished goods inventary are costed using the FIFO method. - Unit costs of direct materials purchased and finished goods are constant in March 2020. Requirement 1. Prepare the following budgets. a. Prepare the revenues budget. Requirements 1. Prepare the following budgets for March 2020 : a. Revenues budget b. Production budget in units c. Direct material usage budget and direct material purchases budget d. Direct manufacturing labor costs budget e. Manufacturing overhead costs budget f. Ending imventories budget (direct materials and finished goods) g. Cost of goods sold budget 2. Suppose Lieux Specialties decides to incorporate continuous improvement into its budgeting process. Describe two areas where it could incorporate continuous improvement into the budget schedules in requirement 1