May I ask help for answering all 9 parts of this questions since I am very lost? All of the information provided in the question is apparent in the second image (data and additional information section) and no other information is provided. I understand this question is very long. Even partial answer is much appreciated.

Pump Manufacturing is preparing its master budget for the first quarter of the upcoming year. The following data pertain to

Pump Manufacturing's operations:

.

- X X Requirements Data Table Current Assets as of December 31 (prior year): Cash $ 4,640 47,000 Accounts receivable, net 1. Prepare a schedule of cash collections for January, February, and March, and for the quarter in total. 2. Prepare a production budget. (Hint: Unit sales = Sales in dollars / Selling price per unit.) 3. Prepare a direct materials budget. 4. Prepare a cash payments budget for the direct material purchases from Requirement 3. 5. Prepare a cash payments budget for conversion costs. 6. Prepare a cash payments budget for operating expenses. 7. Prepare a combined cash budget. 8. Calculate the budgeted manufacturing cost per unit. (Assume that fixed manufacturing overhead is budgeted to be $0.80 per unit for the year.) 9. Prepare a budgeted income statement for the quarter ending March 31. (Hint: Cost of goods sold = Budgeted cost of manufacturing each unit x Number of units sold.) 10. Prepare a partial budgeted balance sheet for March 31. Include Loans Payable and Income Tax Payable. 15,500 $ 120,000 Inventory Property, plant, and equipment, net. Accounts payable. . Capital stock 42,000 124,500 Retained earnings 22,900 Print Done Print Done Pump Manufacturing is preparing its master budget for the first quarter of the upcoming year. The following data pertain to Pump Manufacturing's operations: (Click the icon to view the data.) (Click the icon to view additional data.) Requirements Requirement 1. Prepare a schedule of cash collections for January, February, and March and for the quarter in total. (Round your answers to the nearest whole dollar.) Pump Manufacturing Cash Collection Budget March Quarter Cash sales January February $ 19,360 $ 20,020 $ 60,000 77,440 21,560$ 80,080 60,940 217,520 Credits sales $ 79,360 $ 97,460 $ 101,640$ 278,460 Total cash collections Requirement 2. Prepare a production budget. (Hint: Unit sales - Sales in dollars / Selling price per unit.) Pump Manufacturing Production Budget March Quarter January 8,800 2,275 February 9,100 Unit sales 9,800 1 27,700 2,250 Plus: Desired ending inventory 2,450 2,250 Total needed 11,075 11,550 (2,275) 1 12,050 (2,450) 29,950 (2,200) Less: Beginning inventory (2,200) 8,875 9,275 Units to produce 9,600 27,750 Requirement 3. Prepare a direct materials budget. (Round your answers to the nearest whole dollar. For cost per kg, round your answers to the nearest cent. Abbreviation used: DM = direct material.) Pump Manufacturing Direct Materials Budget March Quarter January 8,875 February 9,275 Units to be produced 9,600 27,750 2 x kg of DM needed per unit Quantity (kg) needed for production 17,750 18,550 5,760 19,200 5,355 55,500 5,355 5,565 Plus: Desired ending inventory of DM Total quantity (kg) needed 23,315 24,310 (5,565) 24,555 (5,760) 60,855 (5,325) (5,325) Less: Beginning inventory of DM Quantity (kg) to purchase 18,745 18,795 17,990 2.40 $ 55,530 2.40 $ 2.40 $ 2.40 $ x Cost per kg $ 43,176 $ 44,988 $ 45,108 $ 133,272 Total cost of DM purchases Requirement 4. Prepare a cash payments budget for the direct material purchases from Requirement 3. (Leave any unused cells blank. Round your answers to the nearest cent.) Pump Manufacturing Cash Payments for Direct Material Purchases Budget January February March Quarter December purchases (from Accounts Payable) $ 42,000.00 $ 42,000.00 January purchases $ 4,317.60' $ 38,858.40 $ 43,176.00 February purchases $ 4,498.80 $ 40,489.20 $ 44,988.00 March purchases $ 4,510.80 $ 4,510.80 $ 46,317.60 $ 43,357.20 $ 45,000.00 $ 134,674.80 Total disbursements Requirement 5. Prepare a cash payments budget for conversion costs. (Round your answers to the nearest whole dollar.) Quarter Pump Manufacturing Cash Payments for Conversion Costs Budget January February March Variable conversion costs $ 14,200 $ 14,840 $ 15,360 $ Rent (fixed) 4,500 4,500 4,500 Other fixed MOH 2,900 2,900 2,900 $ 21,600 $ 22,240 $ Total payments for conversion costs 22,760 $ 44,400 13,500 8,700 66,600 Requirement 6. Prepare a cash payments budget for operating expenses. (Round your answers to the nearest whole dollar.) Quarter Pump Manufacturing Cash Payments for Operating Expenses Budget January February March Variable operating expenses $ 9,680 $ 10,010 $ 10,780 $ Fixed operating expenses 1,200 1,200 1,200 $ 10,880 $ 11,210 $ Total payments for operating expenses 11,980 $ 30,470 3,600 34,070 Requirement 7. Prepare a combined cash budget. (Leave any unused cells blank. Use parentheses or a minus sign for negative cash balances and financing payments. Round your answers to the nearest cent.) Pump Manufacturing Combined Cash Budget January February March Quarter $ 4,640.00 $ 5,002.40 $ 5.455.20 $ 4,640.00 79,360.00 97,460.00 101,640.00 278.460.00 84,000.00 102,462.40 107,095.20 283,100.00 $ 46,317.60 21,600,00 10,880.00 6,200.00 Cash balance, beginning Add cash collections Total cash available Less cash disbursements: Direct material purchases Conversion costs Operating expenses Equipment purchases Tax payment Total cash payments Excess (deficiency) of cash Financing: Borrowings Repayments Interest payments Total financing Ending cash balance 43,357.20 45,000.00 134,674.80 22,240.00 22,760.00 66,600,00 11,210.00 11,980.00 34,070.00 11,600.00 17,000.00 34,800.00 11,600.00 11,600.00 100,007.20 96.740.00 281.744.80 2.455.20 10,355.20 1,355.20 $ 84,997.60 (997.60) 6,000.00 3,000.00 9,000.00 (5,000.00) (5,000.00) (480.00) ) (480.00) 3.000.00 (5,480.00) 3,520.00 5,455.20 $ 4,875.20 $ 4,875.20 6,000.00 $ 5,002,40$ Requirement 8. Calculate the budgeted manufacturing cost per unit. (Assume that fixed manufacturing overhead is budgeted to be $0.70 per unit for the year.) (Round your answers to the nearest cent.) 4.80 Pump Manufacturing Budgeted Manufacturing Cost per Unit Direct materials cost per unit $ Conversion costs per unit Fixed manufacturing overhead per unit $ Budgeted cost of manufacturing each unit 1.60 0.70 7.10 Requirement 9. Prepare a budgeted income statement for the quarter ending March 31. (Hint: Cost of goods sold = Budgeted cost of manufacturing each unit x Number of units sold. Pump Manufacturing Budgeted Income Statement For the Quarter Ending March 31 Sales $ 304,700 (196,670) Cost of goods sold Gross profit Operating expenses 108,030 (34,070) (5,500) Depreciation expense Operating income 68,460 Less: interest expense (480) (20,394) Less: provision for income taxes $ 47,586 Net income

Question

May I ask help for answering all 9 parts of this questions since I am very lost? All of the information provided in the question is apparent in the second image (data and additional information section) and no other information is provided. I understand this question is very long. Even partial answer is much appreciated.

Pump Manufacturing is preparing its master budget for the first quarter of the upcoming year. The following data pertain to

Pump Manufacturing's operations:

.

image text in transcribed

- X X Requirements Data Table Current Assets as of December 31 (prior year): Cash $ 4,640 47,000 Accounts receivable, net 1. Prepare a schedule of cash collections for January, February, and March, and for the quarter in total. 2. Prepare a production budget. (Hint: Unit sales = Sales in dollars / Selling price per unit.) 3. Prepare a direct materials budget. 4. Prepare a cash payments budget for the direct material purchases from Requirement 3. 5. Prepare a cash payments budget for conversion costs. 6. Prepare a cash payments budget for operating expenses. 7. Prepare a combined cash budget. 8. Calculate the budgeted manufacturing cost per unit. (Assume that fixed manufacturing overhead is budgeted to be $0.80 per unit for the year.) 9. Prepare a budgeted income statement for the quarter ending March 31. (Hint: Cost of goods sold = Budgeted cost of manufacturing each unit x Number of units sold.) 10. Prepare a partial budgeted balance sheet for March 31. Include Loans Payable and Income Tax Payable. 15,500 $ 120,000 Inventory Property, plant, and equipment, net. Accounts payable. . Capital stock 42,000 124,500 Retained earnings 22,900 Print Done Print Done Pump Manufacturing is preparing its master budget for the first quarter of the upcoming year. The following data pertain to Pump Manufacturing's operations: (Click the icon to view the data.) (Click the icon to view additional data.) Requirements Requirement 1. Prepare a schedule of cash collections for January, February, and March and for the quarter in total. (Round your answers to the nearest whole dollar.) Pump Manufacturing Cash Collection Budget March Quarter Cash sales January February $ 19,360 $ 20,020 $ 60,000 77,440 21,560$ 80,080 60,940 217,520 Credits sales $ 79,360 $ 97,460 $ 101,640$ 278,460 Total cash collections Requirement 2. Prepare a production budget. (Hint: Unit sales - Sales in dollars / Selling price per unit.) Pump Manufacturing Production Budget March Quarter January 8,800 2,275 February 9,100 Unit sales 9,800 1 27,700 2,250 Plus: Desired ending inventory 2,450 2,250 Total needed 11,075 11,550 (2,275) 1 12,050 (2,450) 29,950 (2,200) Less: Beginning inventory (2,200) 8,875 9,275 Units to produce 9,600 27,750 Requirement 3. Prepare a direct materials budget. (Round your answers to the nearest whole dollar. For cost per kg, round your answers to the nearest cent. Abbreviation used: DM = direct material.) Pump Manufacturing Direct Materials Budget March Quarter January 8,875 February 9,275 Units to be produced 9,600 27,750 2 x kg of DM needed per unit Quantity (kg) needed for production 17,750 18,550 5,760 19,200 5,355 55,500 5,355 5,565 Plus: Desired ending inventory of DM Total quantity (kg) needed 23,315 24,310 (5,565) 24,555 (5,760) 60,855 (5,325) (5,325) Less: Beginning inventory of DM Quantity (kg) to purchase 18,745 18,795 17,990 2.40 $ 55,530 2.40 $ 2.40 $ 2.40 $ x Cost per kg $ 43,176 $ 44,988 $ 45,108 $ 133,272 Total cost of DM purchases Requirement 4. Prepare a cash payments budget for the direct material purchases from Requirement 3. (Leave any unused cells blank. Round your answers to the nearest cent.) Pump Manufacturing Cash Payments for Direct Material Purchases Budget January February March Quarter December purchases (from Accounts Payable) $ 42,000.00 $ 42,000.00 January purchases $ 4,317.60' $ 38,858.40 $ 43,176.00 February purchases $ 4,498.80 $ 40,489.20 $ 44,988.00 March purchases $ 4,510.80 $ 4,510.80 $ 46,317.60 $ 43,357.20 $ 45,000.00 $ 134,674.80 Total disbursements Requirement 5. Prepare a cash payments budget for conversion costs. (Round your answers to the nearest whole dollar.) Quarter Pump Manufacturing Cash Payments for Conversion Costs Budget January February March Variable conversion costs $ 14,200 $ 14,840 $ 15,360 $ Rent (fixed) 4,500 4,500 4,500 Other fixed MOH 2,900 2,900 2,900 $ 21,600 $ 22,240 $ Total payments for conversion costs 22,760 $ 44,400 13,500 8,700 66,600 Requirement 6. Prepare a cash payments budget for operating expenses. (Round your answers to the nearest whole dollar.) Quarter Pump Manufacturing Cash Payments for Operating Expenses Budget January February March Variable operating expenses $ 9,680 $ 10,010 $ 10,780 $ Fixed operating expenses 1,200 1,200 1,200 $ 10,880 $ 11,210 $ Total payments for operating expenses 11,980 $ 30,470 3,600 34,070 Requirement 7. Prepare a combined cash budget. (Leave any unused cells blank. Use parentheses or a minus sign for negative cash balances and financing payments. Round your answers to the nearest cent.) Pump Manufacturing Combined Cash Budget January February March Quarter $ 4,640.00 $ 5,002.40 $ 5.455.20 $ 4,640.00 79,360.00 97,460.00 101,640.00 278.460.00 84,000.00 102,462.40 107,095.20 283,100.00 $ 46,317.60 21,600,00 10,880.00 6,200.00 Cash balance, beginning Add cash collections Total cash available Less cash disbursements: Direct material purchases Conversion costs Operating expenses Equipment purchases Tax payment Total cash payments Excess (deficiency) of cash Financing: Borrowings Repayments Interest payments Total financing Ending cash balance 43,357.20 45,000.00 134,674.80 22,240.00 22,760.00 66,600,00 11,210.00 11,980.00 34,070.00 11,600.00 17,000.00 34,800.00 11,600.00 11,600.00 100,007.20 96.740.00 281.744.80 2.455.20 10,355.20 1,355.20 $ 84,997.60 (997.60) 6,000.00 3,000.00 9,000.00 (5,000.00) (5,000.00) (480.00) ) (480.00) 3.000.00 (5,480.00) 3,520.00 5,455.20 $ 4,875.20 $ 4,875.20 6,000.00 $ 5,002,40$ Requirement 8. Calculate the budgeted manufacturing cost per unit. (Assume that fixed manufacturing overhead is budgeted to be $0.70 per unit for the year.) (Round your answers to the nearest cent.) 4.80 Pump Manufacturing Budgeted Manufacturing Cost per Unit Direct materials cost per unit $ Conversion costs per unit Fixed manufacturing overhead per unit $ Budgeted cost of manufacturing each unit 1.60 0.70 7.10 Requirement 9. Prepare a budgeted income statement for the quarter ending March 31. (Hint: Cost of goods sold = Budgeted cost of manufacturing each unit x Number of units sold. Pump Manufacturing Budgeted Income Statement For the Quarter Ending March 31 Sales $ 304,700 (196,670) Cost of goods sold Gross profit Operating expenses 108,030 (34,070) (5,500) Depreciation expense Operating income 68,460 Less: interest expense (480) (20,394) Less: provision for income taxes $ 47,586 Net income