please use excel as it is unclear and unable to follow if not in excel and show cell references

This is all the information avaible for the production budget. you can use the information from the separate 3 waterway papers to assist in the original excel problem the three are just for assistance

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Chapter 9 Waterways Continuing Problem Expected unit sales Title Title Title Title Total required units Title Title Units to be produced Title Total pounds needed for production Waterway Corporation Sales Budget For the First Quarter of 2030: First Quarter January February March Value Value Value Value Cell Reference Cell Reference Formula Formula Formula Waterway Corporation Production Budget For the First Quarter onOxx First Quarter January February March Cell Reference Cell Reference Cell Reference Quarter Formula Cell Reference Formula Quarter Formula Value Value Value Cell Reference Formula Formula Formula Formula Formula Cell Reference Cell Reference Cell Reference Formula Formula Formula Formula Waterway Corporation Direct Materials Budget For the First Quarter of 2030: First Quarter January I February March | Quarter Cell Reference Cell Reference Cell Reference Formula Value Value Value Value Formula dankBamak Formula January February March Quarter Units to be produced Cell Reference Cell Reference Cell Reference Formula Title Value Value Value LN: Total pounds needed for production Formula Formula Formula Formula Title Value Value Value Cell Reference Total materials required Formula Formula Formula Formula Title m Cell Reference Cell Reference Cell Reference Title Formula F ormula Formula Formula Title LNG m Lille Llue Total Cost of direct materials purchases Formula Formula Formula F ormnla Waterway Corporation Direct Labor Budget For the First Quarter of 20xx First Qu arter January February March Quarter Title Cell Reference Cell Reference Cell Reference Formula Title M M M m Total required direct labor - hours Formula Formula Formula Formula Title Wilt\"? m M Lhe Total direct labor costs Formula Formula Formula Formula Waterway Corporation Manufacturing Overhead Budget For the First Quarter of 20x3: First Quarter January February March Quarter Vari able Co sts Title Formula Formula Formula Formula Title Formula Formula Formula Formula Title Formula Formula Formula Formula Title Formula Formula Formula Formula Title Formula Formula Formula Formula Fixed Costs Title, Value A, P, Rthl'P, P, P Prenr'e, Fnrmnln \f Schedule of Expected Collections from Customers January February March Accounts Receivable, 12/31/13 Value Title Formula Formula Title Formula Formula Title _ _ Formula Total cash collections Formula Formula Formula Schedule of Expected Payment for Direct Materials January February March Quarter Accounts Payable, 12/3 1/ l 3 Value Formula Title Formula Formula Formula Title Formula Formula Formula Title 7 7 Formula Formula Total payments Formula Formula Formu la Formula Waterway Corporation Cash Budget For the First Quarter of 20:01 First Qu arter January February March Quarter Beginning cash balance Value Cell Reference Cell Reference Cell Reference Add: Receipts Title Cell Reference Cell Reference Cell Reference Formula Total available cash Formula Formula Formula Formula Less: Disbursements Title Formula Formula Formula Formula Title Cell Reference Cell Reference Cell Reference Formula Title Formula Formula Formula Formula Title Formula Formula Formula Formula Equipment Purchase Value Formula Title M Cell Reference Cell Reference Formula Total disbursements Formula Formula Formula Formula Excess (deficiency) of available cash over cash W Formula \fWaterways Continuing Problem (This is a continuation of the Waterways Problem from Chapters 1 through 8.) WCP9 Waterways Corporation is preparing its budget for the coming year. 2014. The first step is to plan for the first quarter of that coming year. Waterways gathered the fol- lowing information from the managers. Sales Unit sales for November 2013 112,500 Unit sales for December 2013 102,100 Expected unit sales for January 2014 113,000 Expected unit sales for February 2014 1 12,500 Expected unit sales for March 2014 116,000 Expected unit sales for April 2014 125,000 Expected unit sales for May 2014 137,500 Unit selling price $12 Waterways likes to keep 10% of the next month's unit sales in ending inventory. All sales are on account, 85% of the Accounts Receivable are collected in the month of sale, and 15% of the Accounts Receivable are collected in the month after sale. Accounts receiv able on December 31, 2013, totaled $183,780. Direct Materials Item Amount Used Er Unit Inventory, Dec. 31 Metal 1 lb @ 58 per lb. 5,177.5 lbs Plastic 12 oz @ 6;: per 02 3,883.125 lbs Rubber 4 oz @ 5;: per oz 1.294.375 lbs 2 lbs per unit 10,3550 lbs Metal, plastic, and rubber together are 75 per pound per unit, Waterways likes to keep 5% of the materials needed for the next month in its ending inventory. Payment for materials is made within 15 days. 50% is paid in the month of purchase, and 50% is paid in the month after purchase. Accounts Payable on December 31, 2013, totaled $120,595. Raw Materials on December 31, 2013, totaled 11,295 pounds. Mm Labor requires 12 minutes per unit for completion and is paid at a rate of $8 per hour. 101'2 able on December 31, 2013, totaled $183,780. Direct Materials Item Amount Used Er Unit Inventory, Dec. 31 Metal 1 lb @ 58 per lb. 5,177.5 lbs Plastic 12 oz @ 6;: per oz 3,883.125 lbs Rubber 4 oz @ 5 per oz 1,294.375 lbs 2 lbs per unit 10355.0 lbs Metal, plastic, and rubber together are 75 per pound per unit. Waterways likes to keep 5% of the materials needed for the next month in its ending inventory. Payment for materials is made within 15 days. 50% is paid in the month of purchase, and 50% is paid in the month after purchase. Accounts Payable on December 31, 2013, totaled $120,595. Raw Materials on December 31, 2013, totaled 11,295 pounds. Direct Labor Labor requires 12 minutes per unit for completion and is paid at a rate of $8 per hour. Manufacturing Overhead Indirect materials 30 per labor hour Indirect labor 50 per labor hour Utilities 45 per labor hour Maintenance 25 per labor hour Salaries $42,000 per month Depreciation $16,800 per month Property taxes $ 2,675 per month Insurance $ 1,200 per month Janitorial $ 1,300 per month Selling and Administrative Variable selling and administrative cost per unit is $1.60. Advertising $15,000 a month Insurance $ 1,400 a month Salaries $72,000 a month Depreciation '5 2,500 a month Other fixed costs $ 3,000 a month 2of2 Other Information The Cash balance on December 31, 2013, totaled $100,500, but management has decided it would like to maintain a cash balance of at least $800,000 beginning on January 31, 2014. Dividends are paid each month at the rate of $2.50 per share for 5,000 shares outstanding. The company has an open line of credit with Romney's Bank. The terms of the agreement requires borrowing to be in $1,000 increments at 8% interest. Waterways borrows on the first day of the month and repays on the last day of the month. A $500,000 equipment purchase is planned for February. Instructions For the first quarter of 2014, do the following. (a) Prepare a sales budget, (h) Prepare a production budget. (c) Prepare a direct materials budget. (Round to nearest dollar) (d) Prepare a direct labor budget. (For calculations, round to the nearest hour.) (c) Prepare a manufacturing overhead budget. (Round amounts to the nearest dollar.) (f) Prepare a selling and administrative budget. (g) Prepare a schedule for expected cash collections from customers. (h) Prepare a schedule for expected payments for materials purchases. (Round totals to nearest dollar) (i) Prepare a cash budget