Please answer number 8 9 10 11 and 12

Www SIGBY MANUFACTURING Balance Sheet March 31 Assets Liabilities and Equity Cash $ 40,000 Liabilities Accounts receivable 344, 400 Accounts payable Raw materials inventory 98,500 Loan payable Tinished goods inventory 325,540 Long-term note payable Equipment 5.600.000 Equity Less Accumulated depreciation 150,000 450,000 Common stock Retained earnings Total assets $ 1,258,440 Total liabilities and equity To prepare a master budget for April, May, and June, management gathers the following information $ 201,000 12.000 500,000 ok 5 713,000 335,000 210.40 545,440 51.258.440 ht D nces a. Sales for March total 20.500 units. Budgeted sales in units follow. April, 20,500: May, 19,500: June, 20,000, and July, 20.500. The product's selling price is $24.00 per unit and its total product cost is $19.85 per unit b. Raw materials inventory consists solely of direct materials that cost $20 per pound Company policy calls for a given month's ending materials inventory to equal 50% of the next month's direct materials requirements. The March 31 raw materials inventory is 4.925 pounds. The budgeted June 30 ending raw materials inventory is 4,000 pounds. Each finished unit requires 0.50 pound of direct materials c. Company policy calls for a given month's ending finished goods inventory to equal 80% of the next month's budgeted unt sales. The March 31 finished goods inventory is 16.400 units. d. Each finished unit requires 0.50 hour of direct labor at a rate of $15 per hour. e. The predetermined variable overhead rate is $2.70 per direct labor hour. Depreciation of $20,000 per month is the only food factory overhead item t. Sales commissions of 8% of sales are paid in the month of the sales. The sales manager's monthly salary is $3,000 9. Monthly general and administrative expenses include $12.000 for administrative salaries and 0.9% monthly interest on the long term note payable. h. The company budgets 30% of sales to be for cash and the remaining 70% on credit Credit sales are collected in full in the month following the sale (no credit sales are collected in the month of salej 1. All raw materials purchases are on credit and accounts payable are solely tied to raw materials purchases, Raw materials purchases are fully paid in the next month (none are paid in the month of purchase) J. The minimum ending cash balance for all months is $40,000. If necessary, the company borrows enough cash using a loan to reach the minimum. Loans require an interest payment of 1% at each month-end before any repayment. If the month-end preliminary cash balance exceeds the minimum, the excess will be used to repay any loans k. Dividends of $10,000 are budgeted to be declared and paid in May. 1. No cash payments for income taxes are budgeted in the second calendar quarter. Income tax will be assessed at 35% in the quarter and budgeted to be paid in the third calendar quarter. m. Equipment purchases of $100,000 are budgeted for the last day of June. Required: Prepare the following budgets for the months of April, May, and June: 1. Sales budget 2. Production budget 3. Direct materials budget 4. Direct labor budget 5. Factory overhead budget 6. Selling expense budget 7. General and administrative expense budget 8. Schedule of cash receipts 9. Schedule of cash payments for direct materials 10. Cash budget 11. Budgeted Income statement for entire second quarter (not monthly 12. Budgeted balance sheet at June 30 Complete this question by entering your answers in the tabs below. 1 8. Schedule of cash receipts. 9. Schedule of cash payments for direct materials 10. Cash budget. (Negative balances and Loan repayment amounts (if any) should be indicated with minus sign.) Book ZIBGY MANUFACTURING Schedule of Cash Receipts April Sales $ 492,000 $ Cash receipts from Cash sales 40,000 Collections of prior period sales 146,678 Total cash receipts $ 186,678 $ May 468,000 $ June 480.000 Print 481,770 139,523 621,293 $ 468,653 325,553 794,206 rences June 182,000 Schedule of Cash Payments for Direct Materials April May Materials purchases $ 198,000 $ 201,500 $ Cash payments for Current period purchases Prior period purchases Total cash payments $ ols 0 Cash Budget April May June Beginning cash balance Total cash available Loss Cash payments for Total cash payments Preliminary cash balance 0 Ending cash balance Loan balance Apr May June Loan balance Beginning of month Additional loan Ban repayment) Loan balance April May June Loan balance - Beginning of month Additional loan (loan repayment) Loan balance - End of month 0 Required: Prepare the following budgets for the months of April, May, and June 1. Sales budget 2. Production budget. 3. Direct materials budget, 4. Direct for budget 5. Factory Overhead budget 6. Selling expense budget 7. General and administrative expense budget 8. Schedule of cash receipts. 9. Schedule of cash payments for direct materials 10. Cashbudget 11. Budgeted income statement for entire second quarter (not monthly 12. Budgeted balance sheet at June 30, Complete this question by entering your answers in the tabs below. Bea Req Pes Res Red Reto 10 Budgeted Income statement for entire second quarter (not montry)(Round your heal answers to the DORY MANUFACTURING Budgeted income tahament For The Mode Slinger and admin Topeng