please do requirements 6-10
please use the format on the last 3 pictures.
4th time submitting this question please only answer if you know.
Devon Manufacturing is preparing its master budget for the first quarter of the upcoming year. The following data pertain to Devon Manufacturing's operations Click the icon to view the data) (Click the icon to view additional data) Data Table Read the requirements Regu Requirements Current Assets as of December 31 prior year) 5 $ $ 4 $ C 4,500 50.000 15,600 121.000 42.400 124.500 22.000 Accounts receivable net Inventory Property plant and equipment net Accounts payable Capital stock Retained earnings $ 1. Prepare a schedule of cash collections for January February, and March, and for the quarter in total 2. Prepare a production budget. Hint Unitsales Sales in dollar/Selling price per unit) 3. Prepare a direct materials budget Prepare a cash payments budget for the direct material purchases from Requirement 3. (Use the accounts payable balance at December 31 of prior your for the prior month payment in January) 5 Prepare a cash payments budget for rectator 6 Prepare a cash payments budget for manufacturing overhead costs 7. Prepare a cash payments budget for operating expenses # Prepare a combined cash budget 9. Calculate the budgeted manufacturing cost per unt (sume that feedmarturing overhead is budgeted to be $0.90 per unit for the year) 10. Prepare a bugeted come went for the quarter ending March 31. Cost of goods sol Budgeted cost of maturing one number of units) Cred $ $ Done Print Done ch he ad a. Actual sales in December were $70,000. Selling price per unit is projected to remain stable at $10 per unit throughout the budget period. Sales for the first five months of the upcoming year are budgeted to be as follows: January $ 80,000 February $ 92,000 March $ 99,000 April $ 97,000 May. $ 85,000 b. Sales are 30% cash and 70% credit. All credit sales are collected in the month following the sale. c. Devon Manufacturing has a policy that states that each month's ending inventory of finished goods should be 25% of the following month's sales (in units). d. Of each month's direct material purchases, 20% are paid for in the month of purchase, while the remainder is paid for in the month following purchase. Two pounds of direct material is needed per unit at $2.00 per pound. Ending inventory of direct materials should be 10% of next month's production needs. e. Most of the labor at the manufacturing facility is indirect, but there is some direct labor incurred. The direct labor hours per unit is 0.01. The direct labor rate per hour is $12 per hour. All direct labor is paid for in the month in which the work is performed. The direct labor total cost for each of the upcoming three months is as follows: January $ 996 February $ 1.125 March 1,182 1. Monthly manufacturing overhead costs are $5,000 for factory rent, $3,000 for other fixed manufacturing expenses, and $1.20 per unit for variable manufacturing overhead. No depreciation is included in these figures. All expenses are paid in the month in which they are incurred 9. Computer equipment for the administrative offices will be purchased in the upcoming quarter. In January, Devon Manufacturing will purchase equipment for $5,000 (cash), while February's cash expenditure will be $12,000 and March's cash expenditure will be $16,000 h. Operating expenses are budgeted to be $1.00 per unit sold plus fixed operating expenses of $1,000 per month. All operating expenses are paid in the month in which they are incurred. No depreciation is included in these figures. 1. Depreciation on the building and equipment for the general and administrative offices is budgeted to be $4,600 for the entire quarter, which includes depreciation on new acquisitions. 1. Devon Manufacturing has a policy that the ending cash balance in each month must be at least $4,000. It has a line of credit with a local bank. The company can borrow in increments of $1,000 at the beginning of each month, up to a total outstanding loan balance of $150,000. The interest rate on these loans is 1% per month simple interest (not compounded). The company would pay e ng sd the Devon Manufacturing is preparing its master budget for the first quarter of the upcoming year. The following data pertain to Devon Manufacturing's operations: Click the icon to view the data) (Click the icon to view additional data.) Read the requirements Requirement 1. Prepare a schedule of cash colections for January, February, and March, and for the quarter in total, Devon Manufacturing Cash Collections Budget For the Quarter Ended March 31 Month January February March Quarter Cash sales $ 24,000 $ 27,600 $ 29.700 $ 81,300 Credits sales 49,000 56.000 64.400 109,400 Total cash collections $ 73,000 $ 83,600 $ 94,100 $ 250,700 Requirement 2. Prepare a production budget. (Hint: Unit sales - Sales in dollars / Selling price per unit) Devon Manufacturing Production Budget For the Quarter Ended March 31 Month January February March Quarter Unit sales 8,000 9,200 9,900 27.100 Plus: Desired ending inventory 2.300 2.475 2,425 2,425 Total needed 10,300 11,675 12 325 29.525 2.000 2,300 2,475 Less: Beginning inventory 2,000 8,300 9,375 9.850 27.525 Units to produce Requirement 3. Prepare a direct materials budget. (Round your answers to the nearest whole dollar) Devon Manufacturing Direct Materials Budget For the Quarter Ended March 31 Month January February March Quarter Units to be produced 8,300 9,375 9,850 27.525 Multiply by: Quantity (pounds) of DM needed per unit 2 2 2 2 Quantity (pounds) needed for production 16,600 18,750 19.700 56.050 Plus: Desired ending inventory of DM 1.875 1.970 1,880 1. BO Total quantity (pounds) needed 18.475 20.720 21.580 16.030 Loss Beginning invertory of OM 1,600 1,970 1.600 Quantity (pounds) to purchase 16,815 18.845 19.610 56,270 Multiply by Cost per pound $ 200S 200 $ 2.00 $ 2.00 33,630 S Total cost of DM purchases 37 690S 39,220 S 110.540 Requirement 4. Prepare a cash payments budget for the direct material purchases from Requirement 3. (Use the accounts payable balance at December 31 of prior year for the prior month payment in January.) (Round your answers to the nearest whole dollar Devon Manufacturing Cash Payments for Direct Materials Budget For the Quarter Ended March 31 Month January February March Quarter 20% of current month DM purchases $ 6.725S 7.5385 7844 22.100 80% of last month's DM purchases 42.400 26.904 30.152 99456 Total cash payment 49.1255 344425 37.996 121.564 Requirement 5. Prepare a cash payments budget for direct labor Devon Manufacturing Cash Payments for Direct Labor Budget For the Quarter Ended March 31 Month January February March Quarter Total cost of rect labor 1,182 3.303 Requirement 6. Prepare a cash payments budget for manufacturing overhead costs. (Round your answers to the nearest whole dollar) Devon Manufacturing Cash Payments for Manufacturing Overhead Budget For the Quarter Ended March 31 Month January February March Quarter Variable manufacturing overhead costs s 9,960 $ 11.250 $ 11,820 $ 33.030 Rent (fixed) 5.000 5,000 5,000 15,000 Other fixed MOH 3,000 3,000 3,000 9.000 Cash payments for manufacturing overhead 17,900 $ 19,250 $ 19,820 $ 57.030 Requirement 7. Prepare a cash payments budget for operating expenses. (Round your answers to the nearest whole dollar.) Devon Manufacturing Cash Payments for Operating Expenses Budget For the Quarter Ended March 31 Month January February March Quarter Variable operating expenses $ 8,000 $ 9,200 $ 9,900 S 27.100 1.000 1,000 1.000 3,000 Fixed operating expenses $ 9,000 $ 10.2005 10,9005 30,100 Cash payments for operating expenses Requirement 5. Prepare a cash payments budget for direct labor. Decker Manufacturing Cash Payments for Direct Labor Budget For the Quarter Ended March 31 Month January February March Quarter 3807's 4,442 $ Total cost of direct labor 4.293 $ 12.542 Requirement 6. Prepare a cash payments budget for manufacturing overhead costs (Round your answers to the nearest whole dollar.) Decker Manufacturing Cash Payments for Manufacturing Overhead Budget For the Quarter Ended March 31 Month January February March Quarter Variable manufacturing overhead costs 9.306 10.857 $ 10,494 30,657 Rent (fixed) 5.500 5.500 5.500 16,500 2.900 2.900 8,700 Other foxed MOH 17,7055 19.2575 18,894 $ 55,857 Cash payments for manufacturing overhead Requirement 7. Prepare a cash payments budget for operating expenses (Round your answers to the nearest whole dotar.) Decker Manufacturing Cash Payments for Operating Expenses Budget For the Quarter Ended March 31 Month January February March Quarter Variable operating expenses $ 10.375 S 12,3755 12.000 34.750 1.800 1800 5.400 Fored operating expenses $ 12, 175 14 175 13 800 5 40.150 Cash payments for operating expenses 2.900 Requirement 8. Prepare a combined cash budget (if a box is not used in the table leave the box empty, do not enter a zero. Use parentheses or a minus sign for negative cash balances and financing payments.) Decker Manufacturing Combined Cash Budget For the Quarter Ended March 31 January February March Quarter Beginning cash balance 5 4 500$ 4432 4.951' 5 4,600 Plus Cash collections 81,010 100 320 117,540 304870 Total cash available 85 610 110.752 122 491 309.470 Less cash payments Direct material purchases 53.490 53.727 58,368 165.585 Direct labor 3.807 4.293 12,542 Manufacturing overhead costs 17706 19.257 18,894 55,857 Operating expenses 12,175 14,175 13,800 40,150 Tax payment 10,000 10.000 Equipment purchases 5,000 12.200 15.600 33.800 Total cash payment 92.170 113.801 111 956 31234 Ending cash balance before financing 15.50 12.049) Financing Plus New borrowings 11,000 8,000 19.000 Less Dobrepayments 16.000) (6.000) Less Interest payments (490) Total financing 11 000 8.000 16.490) 12.510 Ending cash balance 4,4325 4.951 4,046 4,046 Requirement. Caith (490 Decker Manufacturing is preparing its master budget for the first quarter of the upcoming year. The following data pertain to Decker Manufacturing's operations: !!! (Click the icon to view the data) (Click the icon to view additional data) Read the requirements Financing Plus: New borrowings 11.000 8,000 19.000 Less Debt repayments (6.000) (6.000) Less: Interest payments (490 (490) Total financing 11.000 8.000 (6 490) 12.510 Ending cash balance 4,432 $ 4,9515 40465 4,046 Requirement 9. Calculate the budgeted manufacturing cost per unit (assume that fixed manufacturing overhead is budgeted to be $0.90 per unit for the year). (Round your answer to the nearest cent) Decker Manufacturing Budgeted Manufacturing Cost per Unit For the Quarter Ended March 31 Direct materials cost per unit $ 6.00 Direct labor cost per unit 0.45 Variable manufacturing overhead costs per unit 1.10 0.90 Fixed manufacturing overhead costs per unit 8.45 Budgeted cost of manufacturing one unit Requirement 10. Prepare a budgeted income statement for the quarter ending March 31. (Hint Cost of goods sold - Budgeted cost of manufacturing one unit x Number of units sold.) (Round your answers to the nearest whole dollar) Decker Manufacturing Budgeted Income Statement For the Quarter Ended March 31 Sales revenue $333,600 1234 910) Less Cost of goods sold Gross proft 98.690 Less Operating expenses (40,150) Less Depreciation expense (4.600) Operating income 53.940 Less Interest expense (490) Less Income tax expense (16035 37.415 Net income Devon Manufacturing is preparing its master budget for the first quarter of the upcoming year. The following data pertain to Devon Manufacturing's operations Click the icon to view the data) (Click the icon to view additional data) Data Table Read the requirements Regu Requirements Current Assets as of December 31 prior year) 5 $ $ 4 $ C 4,500 50.000 15,600 121.000 42.400 124.500 22.000 Accounts receivable net Inventory Property plant and equipment net Accounts payable Capital stock Retained earnings $ 1. Prepare a schedule of cash collections for January February, and March, and for the quarter in total 2. Prepare a production budget. Hint Unitsales Sales in dollar/Selling price per unit) 3. Prepare a direct materials budget Prepare a cash payments budget for the direct material purchases from Requirement 3. (Use the accounts payable balance at December 31 of prior your for the prior month payment in January) 5 Prepare a cash payments budget for rectator 6 Prepare a cash payments budget for manufacturing overhead costs 7. Prepare a cash payments budget for operating expenses # Prepare a combined cash budget 9. Calculate the budgeted manufacturing cost per unt (sume that feedmarturing overhead is budgeted to be $0.90 per unit for the year) 10. Prepare a bugeted come went for the quarter ending March 31. Cost of goods sol Budgeted cost of maturing one number of units) Cred $ $ Done Print Done ch he ad a. Actual sales in December were $70,000. Selling price per unit is projected to remain stable at $10 per unit throughout the budget period. Sales for the first five months of the upcoming year are budgeted to be as follows: January $ 80,000 February $ 92,000 March $ 99,000 April $ 97,000 May. $ 85,000 b. Sales are 30% cash and 70% credit. All credit sales are collected in the month following the sale. c. Devon Manufacturing has a policy that states that each month's ending inventory of finished goods should be 25% of the following month's sales (in units). d. Of each month's direct material purchases, 20% are paid for in the month of purchase, while the remainder is paid for in the month following purchase. Two pounds of direct material is needed per unit at $2.00 per pound. Ending inventory of direct materials should be 10% of next month's production needs. e. Most of the labor at the manufacturing facility is indirect, but there is some direct labor incurred. The direct labor hours per unit is 0.01. The direct labor rate per hour is $12 per hour. All direct labor is paid for in the month in which the work is performed. The direct labor total cost for each of the upcoming three months is as follows: January $ 996 February $ 1.125 March 1,182 1. Monthly manufacturing overhead costs are $5,000 for factory rent, $3,000 for other fixed manufacturing expenses, and $1.20 per unit for variable manufacturing overhead. No depreciation is included in these figures. All expenses are paid in the month in which they are incurred 9. Computer equipment for the administrative offices will be purchased in the upcoming quarter. In January, Devon Manufacturing will purchase equipment for $5,000 (cash), while February's cash expenditure will be $12,000 and March's cash expenditure will be $16,000 h. Operating expenses are budgeted to be $1.00 per unit sold plus fixed operating expenses of $1,000 per month. All operating expenses are paid in the month in which they are incurred. No depreciation is included in these figures. 1. Depreciation on the building and equipment for the general and administrative offices is budgeted to be $4,600 for the entire quarter, which includes depreciation on new acquisitions. 1. Devon Manufacturing has a policy that the ending cash balance in each month must be at least $4,000. It has a line of credit with a local bank. The company can borrow in increments of $1,000 at the beginning of each month, up to a total outstanding loan balance of $150,000. The interest rate on these loans is 1% per month simple interest (not compounded). The company would pay e ng sd the Devon Manufacturing is preparing its master budget for the first quarter of the upcoming year. The following data pertain to Devon Manufacturing's operations: Click the icon to view the data) (Click the icon to view additional data.) Read the requirements Requirement 1. Prepare a schedule of cash colections for January, February, and March, and for the quarter in total, Devon Manufacturing Cash Collections Budget For the Quarter Ended March 31 Month January February March Quarter Cash sales $ 24,000 $ 27,600 $ 29.700 $ 81,300 Credits sales 49,000 56.000 64.400 109,400 Total cash collections $ 73,000 $ 83,600 $ 94,100 $ 250,700 Requirement 2. Prepare a production budget. (Hint: Unit sales - Sales in dollars / Selling price per unit) Devon Manufacturing Production Budget For the Quarter Ended March 31 Month January February March Quarter Unit sales 8,000 9,200 9,900 27.100 Plus: Desired ending inventory 2.300 2.475 2,425 2,425 Total needed 10,300 11,675 12 325 29.525 2.000 2,300 2,475 Less: Beginning inventory 2,000 8,300 9,375 9.850 27.525 Units to produce Requirement 3. Prepare a direct materials budget. (Round your answers to the nearest whole dollar) Devon Manufacturing Direct Materials Budget For the Quarter Ended March 31 Month January February March Quarter Units to be produced 8,300 9,375 9,850 27.525 Multiply by: Quantity (pounds) of DM needed per unit 2 2 2 2 Quantity (pounds) needed for production 16,600 18,750 19.700 56.050 Plus: Desired ending inventory of DM 1.875 1.970 1,880 1. BO Total quantity (pounds) needed 18.475 20.720 21.580 16.030 Loss Beginning invertory of OM 1,600 1,970 1.600 Quantity (pounds) to purchase 16,815 18.845 19.610 56,270 Multiply by Cost per pound $ 200S 200 $ 2.00 $ 2.00 33,630 S Total cost of DM purchases 37 690S 39,220 S 110.540 Requirement 4. Prepare a cash payments budget for the direct material purchases from Requirement 3. (Use the accounts payable balance at December 31 of prior year for the prior month payment in January.) (Round your answers to the nearest whole dollar Devon Manufacturing Cash Payments for Direct Materials Budget For the Quarter Ended March 31 Month January February March Quarter 20% of current month DM purchases $ 6.725S 7.5385 7844 22.100 80% of last month's DM purchases 42.400 26.904 30.152 99456 Total cash payment 49.1255 344425 37.996 121.564 Requirement 5. Prepare a cash payments budget for direct labor Devon Manufacturing Cash Payments for Direct Labor Budget For the Quarter Ended March 31 Month January February March Quarter Total cost of rect labor 1,182 3.303 Requirement 6. Prepare a cash payments budget for manufacturing overhead costs. (Round your answers to the nearest whole dollar) Devon Manufacturing Cash Payments for Manufacturing Overhead Budget For the Quarter Ended March 31 Month January February March Quarter Variable manufacturing overhead costs s 9,960 $ 11.250 $ 11,820 $ 33.030 Rent (fixed) 5.000 5,000 5,000 15,000 Other fixed MOH 3,000 3,000 3,000 9.000 Cash payments for manufacturing overhead 17,900 $ 19,250 $ 19,820 $ 57.030 Requirement 7. Prepare a cash payments budget for operating expenses. (Round your answers to the nearest whole dollar.) Devon Manufacturing Cash Payments for Operating Expenses Budget For the Quarter Ended March 31 Month January February March Quarter Variable operating expenses $ 8,000 $ 9,200 $ 9,900 S 27.100 1.000 1,000 1.000 3,000 Fixed operating expenses $ 9,000 $ 10.2005 10,9005 30,100 Cash payments for operating expenses Requirement 5. Prepare a cash payments budget for direct labor. Decker Manufacturing Cash Payments for Direct Labor Budget For the Quarter Ended March 31 Month January February March Quarter 3807's 4,442 $ Total cost of direct labor 4.293 $ 12.542 Requirement 6. Prepare a cash payments budget for manufacturing overhead costs (Round your answers to the nearest whole dollar.) Decker Manufacturing Cash Payments for Manufacturing Overhead Budget For the Quarter Ended March 31 Month January February March Quarter Variable manufacturing overhead costs 9.306 10.857 $ 10,494 30,657 Rent (fixed) 5.500 5.500 5.500 16,500 2.900 2.900 8,700 Other foxed MOH 17,7055 19.2575 18,894 $ 55,857 Cash payments for manufacturing overhead Requirement 7. Prepare a cash payments budget for operating expenses (Round your answers to the nearest whole dotar.) Decker Manufacturing Cash Payments for Operating Expenses Budget For the Quarter Ended March 31 Month January February March Quarter Variable operating expenses $ 10.375 S 12,3755 12.000 34.750 1.800 1800 5.400 Fored operating expenses $ 12, 175 14 175 13 800 5 40.150 Cash payments for operating expenses 2.900 Requirement 8. Prepare a combined cash budget (if a box is not used in the table leave the box empty, do not enter a zero. Use parentheses or a minus sign for negative cash balances and financing payments.) Decker Manufacturing Combined Cash Budget For the Quarter Ended March 31 January February March Quarter Beginning cash balance 5 4 500$ 4432 4.951' 5 4,600 Plus Cash collections 81,010 100 320 117,540 304870 Total cash available 85 610 110.752 122 491 309.470 Less cash payments Direct material purchases 53.490 53.727 58,368 165.585 Direct labor 3.807 4.293 12,542 Manufacturing overhead costs 17706 19.257 18,894 55,857 Operating expenses 12,175 14,175 13,800 40,150 Tax payment 10,000 10.000 Equipment purchases 5,000 12.200 15.600 33.800 Total cash payment 92.170 113.801 111 956 31234 Ending cash balance before financing 15.50 12.049) Financing Plus New borrowings 11,000 8,000 19.000 Less Dobrepayments 16.000) (6.000) Less Interest payments (490) Total financing 11 000 8.000 16.490) 12.510 Ending cash balance 4,4325 4.951 4,046 4,046 Requirement. Caith (490 Decker Manufacturing is preparing its master budget for the first quarter of the upcoming year. The following data pertain to Decker Manufacturing's operations: !!! (Click the icon to view the data) (Click the icon to view additional data) Read the requirements Financing Plus: New borrowings 11.000 8,000 19.000 Less Debt repayments (6.000) (6.000) Less: Interest payments (490 (490) Total financing 11.000 8.000 (6 490) 12.510 Ending cash balance 4,432 $ 4,9515 40465 4,046 Requirement 9. Calculate the budgeted manufacturing cost per unit (assume that fixed manufacturing overhead is budgeted to be $0.90 per unit for the year). (Round your answer to the nearest cent) Decker Manufacturing Budgeted Manufacturing Cost per Unit For the Quarter Ended March 31 Direct materials cost per unit $ 6.00 Direct labor cost per unit 0.45 Variable manufacturing overhead costs per unit 1.10 0.90 Fixed manufacturing overhead costs per unit 8.45 Budgeted cost of manufacturing one unit Requirement 10. Prepare a budgeted income statement for the quarter ending March 31. (Hint Cost of goods sold - Budgeted cost of manufacturing one unit x Number of units sold.) (Round your answers to the nearest whole dollar) Decker Manufacturing Budgeted Income Statement For the Quarter Ended March 31 Sales revenue $333,600 1234 910) Less Cost of goods sold Gross proft 98.690 Less Operating expenses (40,150) Less Depreciation expense (4.600) Operating income 53.940 Less Interest expense (490) Less Income tax expense (16035 37.415 Net income
