Please complete accounting questions #8-10 in a spreadsheet.

The management of Zigby Manufacturing prepared the following balance sheet for March 31 . To prepare a master budget for Aprll, May, and June, management gathers the following information. a. Sales for March total 25,000 units. Budgeted sales in units follow. April, 25,000; May, 17,000; June, 22,400; and July, 25,000. The product's selling price is $26.00 per unit and its total product cost is $21.65 per unlt. b. Raw materlals inventory consists solely of direct materlals that cost $20 per pound. Compary policy calls for a given month's ending materlals Inventory to equal 50% of the next month's direct materlals requirements. The March 31 raw materlals Inventory is 4,650 pounds. The budgeted June 30 ending raw materlals inventory is 5,900 pounds. Each finished unit requlres 0.50 pound of direct materlals. c. Company policy calls for a given month's ending finished goods inventory to equal 80% of the next month's budgeted unit sales. The March 31 finished goods inventory 1520,000 units. d. Each finished unt requires 0.50 hour of direct labor at a rate of $15 per hour. e. The predetermined varlable overhead rate is $4.60 per dilrect labor hour. Depreciation of $39,713 per month is the only fixed factory overhead item. f. Sales commissions of 5% of sales are pald in the month of the sales. The sales manager's monthly salary is $4,900. g. Monthly general and administrative expenses include $34,000 for adminlstratlve salarles and 0.8% monthly interest on the longterm 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 sale). 1. All raw materlals purchases are on credit, and accounts payable are solely tled to raw materlals purchases. Raw materlals 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 $59,000. 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 $29,000 are budgeted to be declared and paid in May. I. 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 thlrd calendar quarter. m. Equipment purchases of $100,000 are budgeted for the last day of June. 8. Schedule of cash receipts. 9. Schedule of cash payments for direct materials. 10. Cash budget. Note: Negative balances and Loan repayment amounts (if any) should be indicated with minus sign. The management of Zigby Manufacturing prepared the following balance sheet for March 31 . To prepare a master budget for Aprll, May, and June, management gathers the following information. a. Sales for March total 25,000 units. Budgeted sales in units follow. April, 25,000; May, 17,000; June, 22,400; and July, 25,000. The product's selling price is $26.00 per unit and its total product cost is $21.65 per unlt. b. Raw materlals inventory consists solely of direct materlals that cost $20 per pound. Compary policy calls for a given month's ending materlals Inventory to equal 50% of the next month's direct materlals requirements. The March 31 raw materlals Inventory is 4,650 pounds. The budgeted June 30 ending raw materlals inventory is 5,900 pounds. Each finished unit requlres 0.50 pound of direct materlals. c. Company policy calls for a given month's ending finished goods inventory to equal 80% of the next month's budgeted unit sales. The March 31 finished goods inventory 1520,000 units. d. Each finished unt requires 0.50 hour of direct labor at a rate of $15 per hour. e. The predetermined varlable overhead rate is $4.60 per dilrect labor hour. Depreciation of $39,713 per month is the only fixed factory overhead item. f. Sales commissions of 5% of sales are pald in the month of the sales. The sales manager's monthly salary is $4,900. g. Monthly general and administrative expenses include $34,000 for adminlstratlve salarles and 0.8% monthly interest on the longterm 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 sale). 1. All raw materlals purchases are on credit, and accounts payable are solely tled to raw materlals purchases. Raw materlals 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 $59,000. 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 $29,000 are budgeted to be declared and paid in May. I. 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 thlrd calendar quarter. m. Equipment purchases of $100,000 are budgeted for the last day of June. 8. Schedule of cash receipts. 9. Schedule of cash payments for direct materials. 10. Cash budget. Note: Negative balances and Loan repayment amounts (if any) should be indicated with minus sign