Please help me with this case by excel

The Amazing Building Company (ABC) is in the process of completing their annual budget for 20X1. During November of 20x0, Amanda Brick, President was discussing the company's master budget with her staff. Brick updated the group that she has decided to go ahead and purchase the industrial robot they have been considering. She plans to make the acquisition on January 2 of next year, and expects it will take most of the year to train the personnel and reorganize the production process to take full advantage of the new equipment.

When questioned about funding the purchase, Brick replied as follows: "The robot will cost $1,000,000. We'll finance it with a one-year $1,000,000 loan from National Savings and Loan. I've negotiated a repayment schedule of four equal installments on the last day of each quarter. The interest rate will be 10%, and interest payments will be quarterly as well." Therefore, the outstanding balance for all of Q1 would be $1,000,000 with a $250,000 payment due on the last day of Q1, $750,000 for all of Q2 with a $250,000 payment due on the last day of Q2, etc. and being fully paid off by the end of the year.

ABC is a manufacturer of roof trusses. The firm's two product lines are designated as S (small trusses, 15 feet long) and L (large trusses, 22 feet long). The primary raw material is dimensional lumber. Allowing for normal breakage and scrap lumber, ABC can get either four S trusses or two L trusses out of a crate of lumber. Other raw materials, such as nails and glue, are insignificant in cost and are treated as indirect materials. Jane Bean, ABC's controller, is in charge of preparing the master budget for 20x1. She has gathered the following information:

1. Sales in the fourth quarter of 20x0 are expected to be 60,000 S trusses and 70,000 L trusses. The sales manager predicts that over the next two years, sales in each product line will grow by 5,000 units each quarter over the previous quarter. For example, S truss sales in the first quarter of 20x1 are expected to be 65,000 units.
2. ABC's sales history indicates that 60 percent of all sales are on credit, with the remainder of the sales in cash. The company's collection experience shows that 80 percent of the credit sales are collected during the quarter in which the sale is made, while the remaining 20 percent is collected in the following quarter.
3. The S truss sells for $12, and the L truss sells for $18. These prices are expected to hold constant throughout 20x1.
4. ABC's production manager attempts to end each quarter with enough finished goods inventory in each product line to cover 20 percent of the following quarter's sales. Moreover, an attempt is made to end each quarter with 20 percent of the crates of lumber needed for the following quarter's production, with Q4 20x1 desired ending inventory being 9,400 crates. Since metal strips are purchased locally, ABC buys them on a just-in-time basis; inventory is negligible.
5. All of ABC's direct materials purchases are made on account, and 80 percent of each quarter's purchases are paid in cash during the same quarter as the purchase. The other 20 percent is paid in the next quarter.

1. Projected production costs in 20x1 are as follows:

	S Truss	L Truss
Direct Material:
Crate of lumber:
S: 1/4 crate @ $6 per crate	$1.50
L: 1/2 crate @ $6 per crate		$3.00
Direct Labor:
.2 hour @ $20 per hour	$4.00	$4.00
Production overhead:
.2 direct labor hour x $10 per hour	$2.00	$2.00
Total production cost per unit	$7.50	$9.00

1. The predetermined overhead rate is $10 per direct labor hour. The following production overhead costs are budgeted for 20x1.

	Q1	Q2	Q3	Q4	Entire Year
Indirect materials	$ 8,200	$ 9,200	$ 10,200	$ 11,200	$ 38,800
Indirect labor	38,800	42,800	46,800	50,800	179,200
Other overhead	29,000	34,000	39,000	44,000	146,000
Depreciation	20,000	20,000	20,000	20,000	80,000
Total overhead	$ 96,000	$106,000	$116,000	$126,000	$444,000

All of these costs will be paid in cash during the quarter incurred except for the depreciation charges.

1. ABC's quarterly selling and administrative expenses are $125,000, paid in cash.
2. Bean anticipates that dividends of $60,000 will be declared and paid in cash each quarter.
3. ABC's projected balance sheet as of December 31, 20x0, follows:

Cash	$ 95,000
Accounts receivable	237,600
Inventory:
Raw material	59,200
Finished goods	167,000
Plant and equipment (net of accumulated depreciation)	7,856,800
Total Assets	$8,415,600
Accounts payable	$ 61,800
Common stock	5,000,000
Retained earnings	3,353,800
Total liabilities and stockholders' equity	$8,415,600

Required:

Prepare ABC's master budget for 20x1 by completing the following schedules and statements using the Excel template provided.

1. Sales budget
2. Cash receipts budget
3. Production budget
4. Direct materials and materials purchase budget
5. Direct labor budget
6. Overhead budget
7. Summary cash budget
8. Budgeted schedule of cost of goods manufactured and sold for the year 20x1
9. Budgeted income statement for 20x1
10. Budgeted statement of retained earnings for 20x1
11. Budgeted balance sheet as of December 31, 20x1.

Amazing Building Company
Master Budget
1. Sales Budget
	20x0	20x1
	4th	1st	2nd	3rd	4th	Entire
	Quarter	Quarter	Quarter	Quarter	Quarter	Year
S truss unit sales
x S sales price
S truss sales revenie
L truss unit sales
x L sales price
L truss sales revenue
Total sales revenue
Cash sales*
Sales on account
*40% of total sales.
60% of total sales.
2. Cash receipts budget:
		20x1
		1st	2nd	3rd	4th	Entire
		Quarter	Quarter	Quarter	Quarter	Year
Cash sales
Cash collections from credit sales
made during current quarter *
Cash collections from credit sales
made during previous quarter
Total cash receipts
*80% of current quarter's credit sales.
20% of previous quarter's credit sales.
3. Production budget:
	20x0	20x1
	4th	1st	2nd	3rd	4th	Entire
	Quarter	Quarter	Quarter	Quarter	Quarter	Year
S truss:
Sales (in units)
Add: Desired ending inventory
Total units needed
Less: Expected beginning inventory
Units to be produced
L truss:
Sales (in units)
Add: Desired ending inventory
Total units needed
Less: Expected beginning inventory
Units to be produced
4. Direct materials and materials purchase budget
	20x0	20x1
	4th	1st	2nd	3rd	4th	Entire
	Quarter	Quarter	Quarter	Quarter	Quarter	Year
Lumber sheets:
S truss to be produced
Lumber quantity per unit (crates)
Needed for S truss prodction
L truss to be produced
Lumber quantity per unit (crates)
Needed for L truss prodction
Total Lumber needed for production (crates)
Add: Desired ending inventory
Total Lumber needs
Less: Expected beginning inventory
Lumber to be purchased
Price per Lumber crate
Cost of Lumber to be purchased
		20x1
		1st	2nd	3rd	4th	Entire
		Quarter	Quarter	Quarter	Quarter	Year
Raw-material purchases:
Cash payments for purchased during
the current quarter
Cash payments for purchased during
the preceding quarter**
Total cash pmts. For raw-material purchases
80% of current quarter's purchases
**20% of previous quarter's purchases
5. Direct labor budget
		20x1
		1st	2nd	3rd	4th	Entire
		Quarter	Quarter	Quarter	Quarter	Year
Direct labor:
Total trusses produced (S and L)
Direct-labor hours per truss
Direct-labor hours to be used
Rate per direct-labor hour
Total cash payments for direct labor
6. Overhead budget
		20x1
		1st	2nd	3rd	4th	Entire
		Quarter	Quarter	Quarter	Quarter	Year
Production overhead:
Indirect material
Indirect labor
Other
Depreciation
Total overhead
Less: Non-cash depreciation
Total cash payments for production overhead
7. Summary cash budget
		20x1
		1st	2nd	3rd	4th	Entire
		Quarter	Quarter	Quarter	Quarter	Year
Cash balance, beginning of period
Proceeds from bank loan (1/2/x1)
Cash receipts
Total cash available
Disbursements:
Direct materials
Direct labor
Overhead
Selling and administration expenses
Dividends
Purchase of equipment
Quarterly installment on loan principal
Quarterly interest payment
Total disbursements
Cash balance, end of period
8. Budgeted scheudule of costs of good manufactured sold for the year 20x1
Amazing Building Company
Budgeted Schedule of Cost of Goods Manufactured and Sold
For the Year Ended December 31, 20x1
Direct material:
Raw-material inventory, 1/1/x1
Add: Direct materials purchased
Raw material available for use
Deduct: Raw-material inventory, 12/31/x1
Raw material used
Direct labor
Manufacturing overhead:
Indirect material
Indirect labor
Other overhead
Depreciation
Total manufacturing overhead
Budgeting over/underapplied overhead
Overhead applied to work-in-progress*
Cost of goods manufactured
Add: Finished-goods inventory, 1/1/x1
Cost of goods available for sale
Deduct: Finished-goods inventory, 12/31/x1
Cost of goods sold
9. Budgeted income statement for 20x1
Amazing Building Company
Budgeted Income Statement
For the Year Ended December 31, 20x1
Sales revenue
Less: Cost of goods sold
Gross margin
Selling and administrative expenses
Interest expense
Net income
10. Budgeted statement of retained earnings for 20x1
Amazing Building Company
Budgeted Statement of Retained Earnings
For the Year Ended December 31, 20x1
Retained earnings, 12/31/x0
Add: Net income
Deduct: Dividends
Retained earnings, 12/31/x1
11. Budgeted balance sheet sa of December 31, 20x1
Amazing Building Company
Budgeted Balance Sheet
December 31, 20x1
Cash
Accounts receivable*
Inventory:
Raw material
Finished goods
Plant and equipment (net of accumulated depreciation)**
Total assets
Accounts payable
Common stock
Retained earnings
Total liabilities and stockholders' equity

Please do it on excel in the sample above