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Endless Mountain Company manufactures a single product that is popular with outdoor recreation enthusiasts. The company sells its product to retailers throughout the northeastern quadrant of the United States. It is in the process of creating a master budget for 2022 and reports a balance sheet at December 31, 2021 as follows:

Endless Mountain Company Balance Sheet December 31, 2021 Assets Current assets: Cash $ 46, 200 Accounts receivable (net) 260, 900 Raw materials inventory (4,500 yards) 11, 250 Finished goods inventory (1,500 units) 32, 250 Total current assets $ 349, 700 Plant and equipment: Buildings and equipment 900, 900 Accumulated depreciation (292, 090) Plant and equipment, net 608,090 Total assets $ 957, 700 Liabilities and Stockholders Equity Current liabilities: Accounts payable $ 158, 900 Stockholders' equity: Common stock $ 419,800 Retained earnings 379,900 Total stockholders' equity 799, 700 Total liabilities and stockholders' equity $ 957 , 700Required 1 Required 2 Required 3 Required 4 Required 5 Required 6 Required 7 Required 8 Required 9 Require Prepare the quarterly sales budget including a schedule of expected cash collections. Endless Mountain Company Sales Budget For the Year Ended December 31, 2022 Quarter 1 2 3 4 Year Budgeted unit sales Selling price per unit Sales Schedule of Expected Cash Collections Beginning accounts receivable First-quarter sales Second-quarter sales Third-quarter sales Fourth-quarter sales Total cash collectionsRequired 1 Required 2 Required 3 Required 4 Required 5 Required 6 Required 7 Required 8 Required 9 Required 10 Prepare the quarterly production budget. Endless Mountain Company Production Budget For the Year Ended December 31, 2022 Quarter 1 2 3 4 Year Budgeted unit sales Add desired units of ending finished goods inventory Total needs Less units of beginning finished goods inventory Required production in units Required 1 Required 2 Required 3 |Required 4 Required 5 Required 6 Required 7 Required 8 Required 9 Required 10 Prepare the quarterly direct materials budget including a schedule of expected cash disbursements for purchases of materials. (Round "raw materials per unit to 1 decimal place. Round final answers to the nearest whole number.) Endless Mountain Company Direct Materials Budget For the Year Ended December 31, 2022 Quarter Year 1 2 3 4 Required production in units Quantity of raw materials needed per unit Quantity of raw materials needed to meet production Add desired quantity of ending raw materials inventory Total quantity of raw materials needed Less quantity of beginning raw materials inventory Quantity of raw materials to be purchased Cost of raw materials per yard Cost of raw materials to be purchased Schedule of Expected Cash Disbursements for Purchases of Materials Beginning accounts payable First-quarter purchases Second-quarter purchases Third-quarter purchases Fourth-quarter purchases Total cash disbursements for materialsREqUirEd4 Prepare the quarterltrr direct labor budget. [Round "Per Unit" to 2 decimal places.) Direct labor-hours per unit Total direct labor hours needed Direct labor cost per hour Required prod uction in units Required 9 Required 10 Total direct labor cost Required 1 Required 2 Required 3 Required 4 Required 5 |Required 6 Required 7 Required 8 Required 9 Required 10 Prepare the quarterly manufacturing overhead budget. (Round "Budgeted direct labor hours" answers to 1 decimal place.) Endless Mountain Company Manufacturing Overhead Budget For the Year Ended December 31, 2022 Quarter 1 2 3 4 Year Budgeted direct labor hours Variable manufacturing overhead per direct labor-hour Variable manufacturing overhead Fixed manufacturing overhead Total manufacturing overhead Less depreciation Cash disbursements for manufacturing overhead Total manufacturing overhead Budgeted direct labor hours Predetermined overhead rate for the yearRequired 1 Required 2 Required 3 Required 4 Required 5 Required 6 Required 7 Required 8 Required 9 Required Prepare the ending finished goods inventory budget at December 31, 2022. (Round your answers to 2 decimal places.) Endless Mountain Company Ending Finished Goods Inventory Budget (absorption costing basis) For the Year Ended December 31, 2022 Item Quantity Cost Total Production cost per unit Direct materials yards per yard Direct labor hours per hour Manufacturing overhead hours per hour Unit product cost Budgeted finished goods inventory: Units from prior year's production Unit product cost Cost from prior year's production Units from current year's production Unit product cost Cost from current year's production Cost of ending finished goods inventoryRequired 1 Required 2 Required 3 Required 4 Required 5 Required 6 Required 7 Required 8 Required 9 Required 10 Prepare the quarterly selling and administrative expense budget. (Round the Variable cost per unit to 2 decimal places.) Endless Mountain Company Selling and Administrative Expense Budget For the Year Ended December 31, 2022 Quarter 1 2 3 4 Year Budgeted unit sales Variable selling and administrative expense per unit Sales Fixed selling and administrative expenses: Advertising Executive salaries Insurance Property taxes Depreciation Total fixed selling and administrative expenses Total selling and administrative expenses Less depreciation Cash disbursements for selling and administrative expenses Required 1 Required 2 Required 3 Required 4 Required 5 Required 6 Required 7 Required 8 Required 9 Required 10 Prepare Budgeted Balance sheet at December 31, 2022. (Do not round intermediate calculations. Round final answers to the nearest whole number. Amounts to be deducted should be indicated by a minus sign.) Endless Mountain Company Budgeted Balance Sheet December 31, 2022 Assets Current assets: Total current assets Plant and equipment: Plant and equipment, net Total assets Liabilities and Stockholders' Equity Current liabilities: Stockholders' equity: Total stockholders' equity Total liabilities and stockholders' equity