Please Please Solve all parts COMPLETELY AND CORRECTLY, DOUBLE CHECK ALL WORK, number/label correctly and show answers clearly!! Please solve all 10 of the "REQUIRED" parts!! Will thumbs up if ALL parts are correct! thank you!!!

4. Direct labor budget. Round your answers to two decimal places, if required. 5. Overhead budget. Round your answers to two decimal places, if required. 6. Selling and administrative expense budget. Round your answers to the nearest cent, if required. Operating Budget, Comprehensive Malysis Ponderosa, Inci, produces wiring harness assemblies used in the production of semi-trailer trucks. The wiring harness assemblies are sold to various truck manufacturen around the world. Projected sales in units for the coming five months are given below. The following data pertain to production policles and manufacturing specifications followed by Ponderosa: a. Finished goods inventory on January 1 is 900 units. The desired ending inventory for each month is 20 percent of the next month's sales b. The data on materials used are as followst Inventory policy dictates that sufficent materials be on hand at the beginning of the month to satisfy 30 percent of the next month's production needs. This is exactly the amount of material on hand on January 1. c. The direct labor used per unit of output is one and one-hait hours. The average direct labor cost per hour is $20. d. Overhesd each month is estimated using a flexible budget formula. (Activity is measured in direct labor hours.) Prepare a monthly operating budget for the first quarter with the following schedules: 1. Sales budget 2. Production budget 6. Selling and administrative expense budget. Round your answers to the nearest cent, if required. 7. Ending finished goods inventory budget. Round intermediate calculations to the nearest cent. Round your answers to the 8. Cost of goods sold budget 9. Budgeted income statement (ignore income taxes) c. The direct Labor used per unit of output is one and one-half hours. The average direct labor cost per heur is $20. d. Overhead each month is estimated using a flexoble budget formula. (Activity is measured in direct labor hours.) e. Monthly selling and administrative expenses are alsa estimated using a flexible budgeting formula. (Activity is measured in units sold.) t. The unit selling price of the wiring harness assembly is $110. g. In February, the company plans to purchase land for future expanslon. The land costs $68,000. h. All sales and purchases are for cash. The cash balance on January 1 equals $62,900. The firm wants to have an ending cash balance of of least $2.5,000. If a cash shortage develops, sufficlent cash is borrowed to cover the shortage and provide the desired ending balance. Any cash borrowed must be borrowed in $1,000 increments and is repaid the following month, as is the interest due. The interest rate is 12 percent per annum. Required: Prepare a monthly operating budget for the first quarter with the following schedules: 1. Sales budget 10. Cash budoet 3. Direct materials purchases budget 4. Direct labor budget. Round your answers to two decimal places, if required. 7. Ending finished goods inventory budget. Round intermediate calculations to the nearest cent. Round your answers to the nearest cent, if required