please help PB 8-1 and PB8-2 :)
g Beach Wind Company manufactures kites that sell for $20 each. Each kite requires 2 yards of lightweight canvas, which costs $0.60 per yard. Each kite takes approximately 30 minutes to build, and the labor rate averages $8 per hour. Beach Wind has the following inventory policies: Ending finished goods inventory should be 30 percent of next month's sales. Ending direct materials inventory should be 20 percent of next month's production. Expected kite sales for the upcoming months are: Variable manufacturing overhead is incurred at a rate of $0.40 per unit produced. Annual fixed manufacturing overhead is estimated to be $9,000 ( $750 per month) for expected production of 9,000 units for the year. Selling and administrative expenses are estimated at $820 per month plus $0.75 per unit sold. Required: Required: Prepare the following for Beach Wind for the second quarter (April, May, and June). Include each month as well as the quarter 2 total in each budget. 1. Sales budget. 2. Production budget. 3. Direct materials purchases budget. 4. Direct labor budget. 5. Manufacturing overhead budget. 6. Budgeted cost of goods sold. 7. Selling and administrative expenses budget. PB8-2 Preparing Budgeted Income Statement LO 8-3h Refer to the information in SB81. Required: Prepare Beach Wind's budgeted income statement for quarter 2 . C86 fx 23 Budgeted Production (in units) 24 Material Reguired per unit 25 Total material required for production 26 Add: Ending inventory regulred 27 Less: Beginning inventory 28 Budgeted Purchases Required 29 Cost per unit (per closure) 30 Total Budgeted Raw Material Purchases 36 Budgeted Production (in units) 37 Average direct labor hours per unit 38. Total direct labor hours required 39 Average hourly pay rate 40 Budgeted direct labor cost 41= 42 Direct Labor Budget. 2nd atr April May June 1)(1) 11/1) - to