please help with all questions

Accounting 2302 Name Chapter 8- In-Class Activity April 17/18, 2019 1. BYI, Inc. manufactures a product which sells for $20 per unit. Each unit requires four linear feet of material which has a cost of $1.50 per foot. Each unit requires 0.5hrs of labor, and the average labor rate is $10.00 per har Additionally, BYl maintains inventory targets as follows a ening finished godin entorytoudbe 40% of the next month's sales; b ending raw materials inventory should be 30% of next month's prodution requirements. BYI has the following sales forecast (in units): Month Units June 400 July375 Month Units May L 300 BYI incurs variable manufacturing overhead at the rate of $0.25 per unit produced.Annual fixed overhead is April 25August estimated to be $7,200 ($600 per month) for the expected production of 4000 units for the year. Selling, general and administrative (SG&A) expenses are estimated at $650 per month plus $0.60 per unit sold a. Prepare a sales budget for each month of the second quarter, as well as a quarter total. Qtr April May June Total 950 250 300 $20 $20 $20 400 Unit sales Sales price per unit Total Sales b. Prepare a production budget for each month of the second quarter, as well as a quarter total. .Prepare a raw ma erials budget for each month of the second qarter, as well as a qarter total. dBY., Inc. has SSO cash on hard at April 1. Severy perort of sales are cash sales BYl colects 40%ofthe odt sales inte sine moth as the sale, and te remeinng60% inthe moth following the sale. BYI peys eighty percent of meterial purchases in the same month as the purchase, and the remainder in the following moth Material purchases for March are $2,000. Prepare a budget/forecast of collections for April, May and June as well as a budget forecast of raw materials peyments for April, May and June Refer to part (a) for sales information ad t (c) material prdase information Asure tat BM has a minimum balance of $15000 for end of the second quarte