Please help me check this long problem

The management of Zigby Manufacturing prepared the following balance sheet for March 31. 5 212,200 26. ZIGOY MUTACTURING Balance Sheet March 11 Assets Llabilities and culty Cash $ 54,600 abities Accounts receivable 162,250 Accounts payable aterials inventory 100, see Loan payable Finished goods Inventory 333.000 Long-ters note payable Equipent 5 628.000 touty Less Accomulated depreciation 164.000 164,100 Como SEO Mandarines Total assets $1,21 Total Itabilities and equity To prepare a master budget for April, May, and June, management gathers the following information $ 738,200 149,000 226.550 5759 S1,217,750 a. Sales for March total 22.500 units Budgeted sales in units follow. April, 22,500, May 19,500: June, 21700, and Juy, 22.500. The product's selling price is $23.00 per unit and its total product cost is $18.50 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 5,025 pounds. The budgeted June 30 ending raw materials Inventory Is 5.400 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 18,000 units. d. Each finished unit requires 0.50 hour of direct labor at a rate of $10 per hour e. The predetermined variable overhead rate is $450 per direct labor hour Depreciation of $30.788 per month is the only food factory overhead Item t. Sales commissions of 6% of sales are paid in the month of the sales. The sales manager's monthly salary is 54.400 9. Monthly general and administrative expenses include $26.000 for administrative salaries and 0.5% 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 in the month following the sale ino credit sales are collected in the month of sale). 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 $54.000. If necessary, the company borrows enough cash using a loan to reach the minimum Loans require an interest payment of teach monthend 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 $24,000 are budgeted to be declared and paid in May 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 Quartet 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 2. 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 entre second quarter tot monthly 12. Budgeted balance sheet at June 30 Sales budget Budgeted sales units Selling price per unit Total budgeted sales June ZIGEY MANUFACTURING Sales Budgets April May 22.500 $ 18.500 5 21.700 5 23.00 $ 23.00 $ 22.00 5 517.500 5.448.500 5 499.100 Reg 2 ) Complete this question by entering your answers in the tabs below. Reg 1 Reg 2 Re Reg4 Reg 5 Reg7 Red Production budget Total June 21.700 ZIGBY MANUFACTURING Production Budget April May Budgeted sales units 22.500 19.500 Calculation of desired ending inventory Next period budgeted sales units 10.500 21,700 Ratio of inventory to future sales 80% 80% Add: Desired ending inventory 18.000 15,800 Total required units 37.500 07.300 Less: Seginning inventory units Units to produce 22.500 80% 17.30 30.800 Regi Reg 2 Req3 Red Rad Red Raw materials budget. (Round per unit values to 2 decimal paze ZIGBY MANUFACTURING Direct Materials April My Units to produce Materials needed for production (pounds Total materials required (pounds Materials to purchase pounds Materials cost per pound Cost of direct materials purchases Direct labor budget. (Pound per unit values to 2 decimal places) ZIGBY MANUFACTURING Direct Labor Budget April June Total Units to produce Direct labor hours needed Cost of direct labor Red Reg Rea Reg4 Reg 5 Reg 6 Red Reqs to 10 Factory overhead budget. (Round variable overhead race values to 2 decimal places.) June Total ZIGBY MANUFACTURING Factory Overhead Budget April May Direct labor hours needed Variable overhead rate per direct labor hour Budgeted variable overhead Budgeted foed overhead Budgeted total factory overhead Reg 1 Reg 2 Reg 3 Ro Res Rita 6 Reg 7 Reg 8 to 10 Selling expense budget ZIGBY MANUFACTURING Selling Expens Budget Apr June Budgeted sales Sales commissions Rea 1 Reg 2 Req3 Req 4 Red 5 Red 6 Red 7 Reg 8 to 10 Reg 11 Reg 12 General and administrative expense budget. ZIGEY MANUFACTURING General and Administrative Expense Budget April May June Total general and administrative expenses 8. Schedule of cash recipe 9. Schedule of cash payments for direct materials. 10. Cash budget (Negative balances and Loan repayment amounts (f any) should be indicated with minus sign.) ZIBGY MANUFACTURING Schedule of Cash Receipts April 5 517 500 5 May 448.500 5 June 499 100 Sales Cash receipts from Cash sales Collections of prior period sales Toalcashits $ 5 $ Schedule of Cash Payments for Direct Materials April May Materials purchases 3 208.800 5 218.000 5 Cash payments for Current period purchases Prior period purchases Total cash payments 5 05 June 210.700 Cash Budget Apni May Beginning cash balance June Total cash available Les Cash payments for Total cash payments Primary cance Ending cash balance Loa balance M June Lanteginning of 3 to 10 Budgeted income statement for entire second quarter (not monthly). (round your final awers to the nearest whole dalla ZIOBY MANUFACTURING Budgeted income For Three Months Ended un 30 Seling general and administrative expenses Tool perting expenses 3 10 12 Budgeted balance est une 20. (Round your father whole do ZGBY MANUFACTURINO Budgeted balance that June 30 Assets Touret $ E. To Liability LED Baron Toca