Please Help with the master budget

Martin Manufacturing is preparing its master budget for the first quarter of the upcoming year. The following data pertain to Martin 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 collections for January, February, and March, and for the quarter in total. Martin Manufacturing is preparing its master budget for the first quarter of the upcoming year. The following data perfain to Martin Manufacturing's operations: (Click the icon to view the data.) (1) (Click the icon to viow additional data.) Read the requirements. Requirements 1. Prepare a schedule of cash colloctions for January, February, and March, and for the quarter in total. 2. Prepare a production budgot. (Hint Unit sales = Sales in dollars + Selling price per unit) 3. Prepare a direct materials budget. 4. Prepare a cash payments budget foc the direct material purchases from Requirement 3 . (Use the accounts payable balance at December 31 of proc year for the pror month payment in January) 5. Prepare a cash payments budget for direct labor. 6. Prepare a cash payments budget for manufacturing overhead costs 7. Prepare a cash payments budgot for operating expenses. 8. Prepare a combined cash budget. 9. Calculate the budgeted manufacturing cost per unit (assume that fixed manulacturing overhead is budgeted to be $0.80 per unit for the year). 10. Prepare a budgeted income statement for the quarter ending March 31. (Hint: Cost of goods sold = Budgeted cost of manufacturing one unit * Number of units sold.) Martin Manufacturing is preparing its master budget for the first quarter of the upcoming year. The following data pertain to Martin Manufacturing's operations: (Click the ion to view the data.) (i) (Click the icon to view additional data.) Read the requirements. Require Data table the quarter in total. More info 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: b.Sales are 30% cash and 70% credi. All credit sales are collected in the month folowing the sale. c. Martin Manulacturing 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 facilify 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: f. 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. g. Computer equipment for the administrabive offices will be purchased in the upcoming quarter. In January, Martin Manufacturing will purchase equipment for $5,000 (cash), while Februarys 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 foxed operating expenses of $1,000 per month. All operating