need help with required 5-10 pls!

The management of Zigby Manufacturing prepared the following estimated balance sheet for March 2019: ZIGBY MANUFACTURING Estimated Balance Sheet March 31, 2019 Assets Cash 65,000 Accounts receivable 434,850 Raw materials inventory 87,585 Finished goods inventory 374,640 Total current assets 961,995 Equipment 624,000 Accumulated depreciation (162,000) Equipment, net 462,000 Total assets $1,423,995 Liabilities and Equity Accounts payable $ 199, 405 Short-term notes payable 24,000 Total current liabilities 223,485 Long-term note payable 520,000 Total liabilities 743, 405 Common stock 347,000 Retained earnings 333 590 Total stockholders equity 680,590 Total liabilities and equity $1,423,995 To prepare a master budget for April, May, and June of 2019, management gathers the following information a. Sales for March total 22.300 units. Forecasted sales in units are as follows: April, 22.300, May 16,300, June, 22.700, and July 22,300. Sales of 252,000 units are forecasted for the entire year. The product's selling price is $26.00 per unit and its total product cost is $2100 per unit. b. Company policy calls for a given month's ending raw materials inventory to equal 50% of the next month's materials requirements. The March 31 raw materials inventory is 4,375 units, which complies with the policy The expected June 30 ending raw materials inventory is 5.200 units. Raw materials cost $20 per unit Each finished unit requires 0.50 units of raw materials Company policy calls for a given month's ending finished goods inventory to equal 80% of the next month's expected unit sales. The March 31 finished goods inventory is 17,840 units, which complies with the policy d. Each finished unit requires 0.50 hours of direct laborat a rate of $15 per hout e Overhead is allocated based on direct inbor hours. The predetermined variable overhead rates $3.90 per direct labor hour. Depreciation of 531670 per month is treated as food factory overhead Sales representatives commissions are 10% of sales and are paid in the month of the sales. The sales manager's monthly salary is $4,200. 9. Monthly general and administrative expenses include $24.000 administrative salaries and 0.9% monthly interest on the long-term note payable h. The company expects 25% of sales to be for cash and the remaining 75% on Credit Receivables are collected in full in the month following the sale (none are collected in the month of the sale L. All raw materials purchases are on credit, and no payables arise from any other transactions. One mont's ow materials purchases are fully paid in the next month J. The minimum ending cash balance for all months is 562.000. If necessary, the company borrows enough cash using a short-term note to reach the minimum. Short-term notes require interest payment of 1% at each month-end before any repayment. If the ending cash balance exceeds the minimum, the excess will be applied to repaying the short term notes payable balance k. Dividends of $22.000 are to be declared and paid in May. 1. No cash payments for income taxes are to be made during the second Calender quarter Income tax will be assessed t 40% in the quarter and paid in the third calendar Quartet m. Equipment purchases of $142.000 are budgeted for the last day of June Required: Prepare the following budgets and other financial Information as required. All budgets and other financial Information should be prepared for the second calendar quarter, except as otherwise noted below. (Round calculations up to the nearest whole dollar, except for the amount of cash sales, which should be rounded down to the nearest whole dollar.) 1. Sales budget 2. Production budget 3. Raw materials budget 4. Direct labor budget 5. Factory overhead budget 6. Selling expense budget. 7. General and administrative expense budget. 8. Cash budget. 9. Budgeted income statement for the entire second quarter (not for each month separately). 10. Budgeted balance sheet. 5 Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Required 5 Required 6 Required 7 Required 8 Required 9 Required 10 Sales budget. (Round Budgeted unit price to 2 decimal places.) Required 8 ZIGBY MANUFACTURING Sales Budget April, May, and June 2019 Budgeted Budgeted Budgeted Unit Sales Unit Price Sales Dollars April 2019 22,300 $26.00 $ 579,800 May 2019 16,300 26.00 423,800 June 2019 22.700 26.00 590,200 Totals for the second quarter 61,300 $ 1,593,800 Required 2 > Required: Prepare the following budgets and other financial Information as required. All budgets and other financial Information should be prepared for the second calendar quarter, except as otherwise noted below. (Round calculations up to the nearest whole dollar, except for the amount of cash sales, which should be rounded down to the nearest whole dollar): 1. Sales budget 2. Production budget 3. Raw materials budget 4. Direct labor budget 5. Factory overhead budget. 6. Selling expense budget. 7. General and administrative expense budget 8. Cash budget 9. Budgeted Income statement for the entire second quarter (not for each month separately). 10. Budgeted balance sheet. Complete this question by entering your answers in the tabs below. Required 1 Reafired 2 Required 3 Required Required 5 Required 6 Required 7 Required & Required 9 Required 10 Production budget June Total Next month's budgeted sales units) Ratio of inventory to future sales Budgeted ending inventory (units) Budgeted units sales for month Required units of available production Beginning inventory (units) Units to be produced 22.300 80% 17,840 22,700 ZIGDY MANUFACTURINO Production Budget April, May, and June 2010 Apell May 16.300 22,700 80% B0% 13.040 18,160 22.300 16,300 35,340 34.450 (17.040) (13.040) 17.500 21420 40.540 (18. 160) 22.380 81300 Required: Prepare the following budgets and other financial information as required. All budgets and other financial information should be prepared for the second calendar quarter, except as otherwise noted below. (Round calculations up to the nearest whole dollar, except for the amount of cash sales, which should be rounded down to the nearest whole dollar.): 1. Sales budget 2. Production budget 3. Raw materials budget 4. Direct labor budget 5. Factory overhead budget. 6. Selling expense budget. 7. General and administrative expense budget. 8. Cash budget 9. Budgeted income statement for the entire second quarter (not for each month separately) 10. Budgeted balance sheet. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Required 5 Required 6 Required 7 Required 8 Required 9 Required 10 Raw materials budget. (Round per unit values to 2 decimal places.) ZIGBY MANUFACTURING Raw Materials Budget April May, and June 2019 April May June Total Production budget (units) 17,500 21,420 22,380 Materials requirements per unit 0.50 0.50 0.50 Materials needed for production 8.750 10,710 11,190 Budgeted ending inventory 5,355 5,595 5,200 Total materials requirements Lunits) 14,105 16,305 16,390 Beginning inventory (4,375) (5,355) (5.595) Materials to be purchased 9,730 10,950 10,795 31,475 Material price per unit $ 20 s 2015 20 $ 20 Budgeted raw material purchases 5 194,600 5 219,000 $ 215,900 $ 629,500 Required 2 Required 4 > Required: Prepare the following budgets and other financial information as required. All budgets and other financial Information should be prepared for the second calendar quarter, except as otherwise noted below. (Round calculations up to the nearest whole dollar, except for the amount of cash sales, which should be rounded down to the nearest whole dollar.): 1. Sales budget 2. Production budget. 3. Raw materials budget. 4. Direct labor budget 5. Factory overhead budget. 6. Selling expense budget. 7. General and administrative expense budget. 8. Cash budget 9. Budgeted Income statement for the entire second quarter (not for each month separately). 10. Budgeted balance sheet. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Required Required 6 Required 7 Required 8 Required 9 Required 10 Direct labor budget. (Round per unit values to 2 decimal places.) ZIGBY MANUFACTURING Direct Labor Budget April, May, and June 2019 April May 17.500 21,420 June Total 22,380 0.50 0.50 0.50 Budgeted production (units) Labor requirements per unit hours) Total labor hours needed Direct labor rate (per hour) Budgeted direct labor cost $ $ 8.750 15$ 131,250 $ 10,710 15$ 160,650 $ 11,190 30,650 15 $ 15 167,850 $ 459,750 Required: Prepare the following budgets and other financial Information as required. All budgets and other financial information should be prepared for the second calendar quarter, except as otherwise noted below. (Round calculations up to the nearest whole dollar, except for the amount of cash sales, which should be rounded down to the nearest whole dollar.): 1. Sales budget 2. Production budget. 3. Raw materials budget. 4. Direct labor budget. 5. Factory overhead budget. 6. Selling expense budget. 7. General and administrative expense budget 8. Cash budget. 9. Budgeted Income statement for the entire second quarter (not for each month separately). 10. Budgeted balance sheet. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Raulred 5 Required 6 Required 7 Required 8 Required 9 Required 10 Factory overhead budget. (Round per unit values to 2 decimal places.) ZIGBY MANUFACTURING Factory Overhead Budget April, May, and June 2019 April May June Total Labor hours needed Budgeted variable overhead Budgeted fixed overhead Budgeted total overhead Required: Prepare the following budgets and other financial information as required. All budgets and other financial information should be prepared for the second calendar quarter, except as otherwise noted below. (Round calculations up to the nearest whole dollar, except for the amount of cash sales, which should be rounded down to the nearest whole dollar.): 1. Sales budget 2. Production budget 3. Raw materials budget. 4. Direct labor budget 5. Factory overhead budget 6. Selling expense budget. 7. General and administrative expense budget. 8. Cash budget 9. Budgeted Income statement for the entire second quarter (not for each month separately). 10. Budgeted balance sheet. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Required s equired 6 Required ? Required 8 Required 9 Required 10 Selling expense budget. ZIGBY MANUFACTURING Selling Expense Budget April, May, and June 2010 April May June Budgeted sales Sales commissions Required: Prepare the following budgets and other financial information as required. All budgets and other financial Information should be prepared for the second calendar quarter, except as otherwise noted below. (Round calculations up to the nearest whole dollar, except for the amount of cash sales, which should be rounded down to the nearest whole dollar.); 1. Sales budget. 2. Production budget 3. Raw materials budget. 4. Direct labor budget. 5. Factory overhead budget. 6. Selling expense budget. 7. General and administrative expense budget 8. Cash budget 9. Budgeted Income statement for the entire second quarter (not for each month separately). 10. Budgeted balance sheet Complete this question by entering your answers in the tabs below. Required 7 Required B Required 9 Required 10 Required 1 Required 2 Required 3 Required 4 Required 5 Required 6 General and administrative expense budget. ZIGBY MANUFACTURING General and Administrative Expense Budget April, May, and June 2019 April May June Total budgeted G&A expenses B. Cash budget 9. Budgeted income statement for the entire second quarter (not for each month separately) 10. Budgeted balance sheet. Complete this question by entering your answers in the tabs below. Required Requir... Requir... Requir... Requir.. Requir... Requir... Requir... Requir... Requir... 3 5 6 10 Cash budget. (Negative balances and Loan repayment amounts (if any) should be indicated with minus sign.) Calculation of Cash receipts from customers April May Jung Total budgeted sales Cash sales 25% Sales on credit 75% Total cash recepts from customers April May Current month's cash sales Collections of receivables Total cash receipts Jung ZIGBY MANUFACTURING Cash Budget April, May, and June 2019 April Beginning cash balance May June Total cash available Cash payments for: Total cash payments Preliminary cash balance 0 Ending cash balance May June Loan balance April Loan balance - Beginning of month Additional loan (loan repayment) Loan balance - End of month 2. Production budget 3. Raw materials budget. 4. Direct labor budget. 5. Factory overhead budget. 6. Selling expense budget. 7. General and administrative expense budget. 8. Cash budget 9. Budgeted income statement for the entire second quarter (not for each month separately). 10. Budgeted balance sheet. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Required 5 Required 6 Required 7 Required Required 9 Required 10 Budgeted income statement for the entire second quarter (not for each month separately). (Round your final answers to the nearest whole dollar) ZIGBY MANUFACTURING Budgeted Income Statement For Three Months Ended June 30, 2019 Operating expenses Total operating expenses 0 0 $ 0 (Required a Required 10 ) Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Required S Required 6 Required 7 Required 8 Required 9 Required 10 Budgeted balance sheet. (Round your final answers to the nearest whole dollar.) ZIGBY MANUFACTURING Budgeted Balance Sheet June 30, 2019 Assets Total current assets $ 0 0 Equipment, net Total assets Liabilities and Equity Liabilities Total current liabilities Stockholders' Equity Total Stockholders' Equity Total Liabilities and Equity Requiredo