posted all requiements. only need requirement 10 (not shaded numbers)

a. Actual sales in December were $71,000. Selling price per unit is projected to remain stable at $12 per unit throughout the budget period. Sales for the first five months of the upcoming yoar are budgeted to be as follows: b. Sales are 35% cash and 65% eredit. Al credit sales are collected in the month following the sale. c. Dockor Manufacturing has a policy that states that each month's onding inwentory of finished goods should be 10% of the following month's salos (in units). d. Of each month's direct material purchases, 20% are paid for in the month of purchase, while the remainder is poid for in the month following purchase. Three pounds of direct material is needed per unit at $2.00 por pound. Ending inventory of direct matorials should be 20% of next month's production noeds. e. Most of the labor at the manufacturing faclity is indirect, but there is some direct labor incurred. The direct labor hours per unit is 0.05 . The direct labor rate per heur is $9 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: 1. Morthly manufacturing overhead costs are $5,500 for factory rent, $2,900 for other fixed manufacturing expenses, and $1.10 per unit for variable manulacturing overhead. No depreciation is included in these figures. All exponses are paid in the month in which they are incurred. 9. Computer equipment for the administrative offices will be purchased in the upeoming quarter. In January, Decker Manulacturing will purchase equipment for $5,000 (cash). while February's cash expenditure wili be $12,200 and March's cash expenditure will be $16,600. h. Operating expenses are budgeted to bo $1.25 por unit sold plus fixed operating oxpenses of $1,800 por month. All operating expenses are paid in the month in which they are incurted. No depreciation is included in these figures. 1. Depreciation on the bulding and equipment for the general and administrative offices is budgeted to be $4,700 for the ensire quarter, which includes depreciation on new Decker Manufacturing has a policy that the ending cash balance in each month must be at least $4,000. It has a line of credit with a local bank. The company can borrow in increments of $1,000 at the beginning of each month, up to a total outstanding loan balance of $110,000. The interest rate on these loans is 1% per month simple interest (not compounded). The company would pay down on the line of credit balance in increments of $1,000 if it has excess lunds at the end of the quarter. The company would also pay the accumulated interest at the ond of the quarter on the funds borrowed during the quarter. \&. The company/s income tax rate is projected to be 30% of operating income less interest expense. The company pays $10,000 cash at the end of February in estimated taxes. Data table Requirement 1. Prepare a schedule of cash collections for January, February, and March, and for the quarter in total. Decker Manufacturing Requirement 2. Prepare a production budget. (Hint: Unit sales = Sales in dollars + Selling price per unit) Decker Manufacturing Wrandintima Eumaninat Requirement 3. Prepare a direct materials budget. (Round your answers to the nearest whole dollar.) Decker Manufacturing Direct Materials Budget Requlrement 4, Prepare a cash payments budget for the drect moterial purchases from Reguirement 3. (Use the accounts payable balance at December 31 of priar year for the prior month payment in Asnuary) (Round your aviswers to the nearest whole dollar) Requirement 5. Prepare a cash payments budget for direct labor. Decker Manufacturing Cash Payments for Direct Labor Budget Decker Manufacturing Cash Payments for Manufacturing Overhead Budget For the Quarter Ended March 31 Requirement 7. Prepare a cash poyments budget for operating expenses. (Round your answers to the nearest whole dollar.) Decker Manufacturing Cash Payments for Operating Expenses Budget Requirement \&. Prepare a combined cash budget, (If an inpu field is not used in the table leave the input fold empty; do not entor a zoro. Use parentheses or a minus sign for negative cash belances and financing payments.) nearest cont) Requirement 10. Prepare a budgeted income otatement for the quarter ending March 31. (Hint Cost of goods sold = Budgeted cost of manutacturng one unit Number of units woll.) (Round your answers to the nearest whole dolar.) a. Actual sales in December were $71,000. Selling price per unit is projected to remain stable at $12 per unit throughout the budget period. Sales for the first five months of the upcoming yoar are budgeted to be as follows: b. Sales are 35% cash and 65% eredit. Al credit sales are collected in the month following the sale. c. Dockor Manufacturing has a policy that states that each month's onding inwentory of finished goods should be 10% of the following month's salos (in units). d. Of each month's direct material purchases, 20% are paid for in the month of purchase, while the remainder is poid for in the month following purchase. Three pounds of direct material is needed per unit at $2.00 por pound. Ending inventory of direct matorials should be 20% of next month's production noeds. e. Most of the labor at the manufacturing faclity is indirect, but there is some direct labor incurred. The direct labor hours per unit is 0.05 . The direct labor rate per heur is $9 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: 1. Morthly manufacturing overhead costs are $5,500 for factory rent, $2,900 for other fixed manufacturing expenses, and $1.10 per unit for variable manulacturing overhead. No depreciation is included in these figures. All exponses are paid in the month in which they are incurred. 9. Computer equipment for the administrative offices will be purchased in the upeoming quarter. In January, Decker Manulacturing will purchase equipment for $5,000 (cash). while February's cash expenditure wili be $12,200 and March's cash expenditure will be $16,600. h. Operating expenses are budgeted to bo $1.25 por unit sold plus fixed operating oxpenses of $1,800 por month. All operating expenses are paid in the month in which they are incurted. No depreciation is included in these figures. 1. Depreciation on the bulding and equipment for the general and administrative offices is budgeted to be $4,700 for the ensire quarter, which includes depreciation on new Decker Manufacturing has a policy that the ending cash balance in each month must be at least $4,000. It has a line of credit with a local bank. The company can borrow in increments of $1,000 at the beginning of each month, up to a total outstanding loan balance of $110,000. The interest rate on these loans is 1% per month simple interest (not compounded). The company would pay down on the line of credit balance in increments of $1,000 if it has excess lunds at the end of the quarter. The company would also pay the accumulated interest at the ond of the quarter on the funds borrowed during the quarter. \&. The company/s income tax rate is projected to be 30% of operating income less interest expense. The company pays $10,000 cash at the end of February in estimated taxes. Data table Requirement 1. Prepare a schedule of cash collections for January, February, and March, and for the quarter in total. Decker Manufacturing Requirement 2. Prepare a production budget. (Hint: Unit sales = Sales in dollars + Selling price per unit) Decker Manufacturing Wrandintima Eumaninat Requirement 3. Prepare a direct materials budget. (Round your answers to the nearest whole dollar.) Decker Manufacturing Direct Materials Budget Requlrement 4, Prepare a cash payments budget for the drect moterial purchases from Reguirement 3. (Use the accounts payable balance at December 31 of priar year for the prior month payment in Asnuary) (Round your aviswers to the nearest whole dollar) Requirement 5. Prepare a cash payments budget for direct labor. Decker Manufacturing Cash Payments for Direct Labor Budget Decker Manufacturing Cash Payments for Manufacturing Overhead Budget For the Quarter Ended March 31 Requirement 7. Prepare a cash poyments budget for operating expenses. (Round your answers to the nearest whole dollar.) Decker Manufacturing Cash Payments for Operating Expenses Budget Requirement \&. Prepare a combined cash budget, (If an inpu field is not used in the table leave the input fold empty; do not entor a zoro. Use parentheses or a minus sign for negative cash belances and financing payments.) nearest cont) Requirement 10. Prepare a budgeted income otatement for the quarter ending March 31. (Hint Cost of goods sold = Budgeted cost of manutacturng one unit Number of units woll.) (Round your answers to the nearest whole dolar.)