Please help with this. This is one question with 9 parts.

Master Budget Manoa Inc. has gathered the following budgeting information for next year and has asked you to prepare their master budget. a. Sales for the final quarter of the prior year total 2,200 units. Expected sales (in units) for the current year are: 1,980 (Quarter 1), 1,320 (Quarter 2), 1,760 (Quarter 3), and 1,760 (Quarter 4). Sales for the first quarter of the following year total 2,640 units. The selling price is $550 per unit in the first three quarters of the year, and $580 per unit in the final quarter. b. Company policy calls for a given quarter's ending finished goods inventory to equal 70% of the next quarter's expected unit sales. The finished goods inventory at the end of the prior year is 1,386 units, which complies with the policy. The product's manufacturing cost is $199 per unit, including per unit costs of $72 for materials (6 lbs. at $12 per lb.), $96 for direct labor (4 hours x $24 direct labor rate per hour), $19 for variable overhead, and $12 for fixed overhead. Annual fixed overhead consists, incurred evenly throughout the year, consist of depreciation on production equipment, $35,000; factory utilities, $43,700, and other factory overhead of $8,684. C. Company policy also calls for a given quarter's ending raw materials inventory to equal 50% of next quarter's expected materials needed for production. The prior year-end inventory is 4,554 Ibs of materials, which complies with the policy. The company expects to have 7,920 lbs. of materials in inventory at year-end. The company has no work in process inventory at the end of any quarter. d. Sales representatives' commissions are 12% of sales and are paid in the quarter of the sales. The sales manager's quarterly salary will be $89,000 in the first three quarters of the year, and $95,000 in the final quarter. e. Quarterly general and administrative expenses include $38,000 administrative salaries, rent expense of $23,000 per quarter, insurance expense of $18,000 per quarter, straight- line depreciation of $18,000 per quarter, and 1% monthly interest on the $400,000 long-term note payable (12% annually). f. Income taxes will be assessed at 20%, and are paid in the quarter incurred.Cost of Sales Budget Production Direct Mtls Direct Lbr Factory OH Selling Exp Admin Exp Income Budget Budget Budget Budget Budget Budget Goods Sold Statement Requirement: Prepare the Sales Budget for Manoa Inc.. Sales for the final quarter of the prior year total 2,200 units. Expected sales (in units) for the current year are: 1,980 (Quarter 1), 1,320 (Quarter 2), 1,760 (Quarter 3), and 1,760 (Quarter 4). Sales for the first quarter of the following year total 2,640 units. The selling price is $550 per unit in the first three quarters of the year, and $580 per unit in the final quarter. Show less Manoa Inc. Sales Budget 2018 First Qtr. Second Qtr. Third Qtr. Fourth Qtr. Total Budgeted sales (units) Total budgeted sales (dollars) Cost of Sales Budget Production Direct Mtls Direct Lor Factory OH Selling Exp Admin Exp Income Budget Budget Budget Budget Budget Budget Goods Sold Statement Requirement: Prepare the production budget for Manoa Inc.. Company policy calls for a given quarter's ending finished goods inventory to equal 70% of the next quarter's expected unit sales. The finished goods inventory at the end of the prior year is 1,386 units, which complies with the policy. Expected sales (in units) for the current year are: 1,980 (Quarter 1), 1,320 (Quarter 2), 1,760 (Quarter 3), and 1,760 (Quarter 4). Sales for the first quarter of the following year total 2,640 units. Show less Manoa Inc. Production Budget For the year ended December 31, 2018 First Qtr. Second Qtr. Third Qtr. Fourth Qtr. Total Ratio of inventory to future sales Budgeted ending inventory (units) Required units of available production Units to be produced Sales Budget Production Direct Mtls Direct Lbr Factory OH Selling Exp Admin Exp Cost of Income Budget Budget Budget Budget Budget Budget Goods Sold Statement Requirement Prepare the Factory Overhead Budget for Manoa Inc.. The product's manufacturing cost is $199 per unit, including per unit costs of $72 for materials (6 lbs. at $12 per lb.), $96 for direct labor (4 hours x $24 direct labor rate per hour), $19 for variable overhead, and $12 for fixed overhead. Annual fixed overhead consists, incurred evenly throughout the year, consist of depreciation on production equipment, $35,000; factory utilities, $43,700, and other factory overhead of $8,684. Show less A Manoa Inc. Factory Overhead Budget For the year ended December 31, 2018 First Qtr. Second Qtr. Third Qtr. Fourth Qtr. Total Budgeted variable overhead Budgeted total overhead Production Admin Exp Income Sales Budget Direct Mtls Direct Lor Factory OH Selling Exp Cost of Budget Budget Budget Budget Budget Budget Goods Sold Statement Requirement Prepare the selling expense budget for the Manoa Inc.. Sales representatives' commissions are 12% of sales and are paid in the quarter of the sales. The sales manager's quarterly salary will be $89,000 in the first three quarters of the year, and $95,000 in the final quarter. Manoa Inc. Selling Expense Budget For the year ended December 31, 2018 First Qtr. Second Qtr. Third Qtr. Fourth Qtr. Total Sales commissions 89,000 89,000 89,000 95,000 362,000 Total budgeted selling expenses Factory OH Budget Admin Exp Budget >Direct Mtls Admin Exp Income Sales Budget Production Direct Lor Factory OH Selling Exp Cost of Budget Budget Budget Budget Budget Budget Goods Sold Statement Requirement Prepare the Administrative Expense Budget for Manoa Inc. Quarterly general and administrative expenses include $38,000 administrative salaries, rent expense of $23,000 per quarter, insurance expense of $18,000 per quarter, straight-line depreciation of $18,000 per quarter, and 1% monthly interest on the $400,000 long-term note payable (3% quarterly). Show less A Manoa Inc. General and Administrative Budget For the year ended December 31, 2018 First Qtr. Second Qtr. Third Qtr. Fourth Qtr. Total Total budgeted general and administrative expenses Direct Mtls Direct Lor Income Sales Budget Production Factory OH Selling Exp Admin Exp Cost of Budget Budget Budget Budget Budget Budget Goods Sold Statement Requirement Using information from the sales budget and the following information, calculate the budgeted cost of goods sold for Manoa Inc. The product's manufacturing cost is $199 per unit, including per unit costs of $72 for materials (6 lbs. at $12 per lb.), $96 for direct labor (4 hours x $24 direct labor rate per hour), $19 for variable overhead, and $12 for fixed overhead. Annual fixed overhead consists, incurred evenly throughout the year, consist of depreciation on production equipment, $35,000; factory utilities, $43,700, and other factory overhead of $8,684. Show less Manoa Inc. Cost of Goods Sold Budget For the year ended December 31, 2018 First Qtr. Second Qtr. Third Qtr. Fourth Qtr. Total 0 Cost of goods sold Sales Budget Production Direct Mtls Direct Lor Factory OH Selling Exp Admin Exp Cost of Income Budget Budget Budget Budget Budget Budget Goods Sold Statement Requirement Prepare the Budgeted Income Statement for the year for Manoa Inc. Interest on the $400,000 long-term note payable is 1% per month (12% annually). Income taxes will be assessed at 20%, and are paid in the quarter incurred. Manoa Inc. Budgeted Income Statement For the year ended December 31, 2018 Sales Cost of goods sold Gross profit Operating expenses: Selling expenses Administrative expenses Interest expense Total operating expenses Income before income taxes Income tax expense Net income