q1:prepare a direct materials budget (round to nearest dollar)

q2:prepare a direct labor budget (for calculations round to nearest hour)

q3:prepare a manufacturing overhead budget (round to the nearest dollar)

please explain how you got to the answers as well. Thank you

The company is preparing its budget for the coming year, 2022. The first step is to plan for the first quarter of that coming year. The following Information has been gathered from their managers. Grading guidelines are on the instructions tab. The com pany likestoktery Planning 41 Manufacturing Overhead Costs 42 Variable costs per direct lobor hour 47 Fixed costs per month 48 Salaries \begin{tabular}{|l|l|} \hline 49 & Depreciation \\ \hline 50 & Property taxes \\ \hline 51 & Insurance \\ \hline 52 & Janitorial \\ \hline 53 & \\ \hline 54 & Selling and Administrative Costs \\ \hline \end{tabular} 42,00016,8002,6751,2001,300 S5 Variable costs per unit sold 56 Fixed costs per month 63 Income Taxes 64 Accrued on Monthly Net income 35% rounded to nearest dollar 65 Amounts Accrued Q42021 paid January 2022 66 67 Cash and Financing Matters 68 Cach Balance, 12/31/2021 692022 Minimum Balance Required 70 71 Monthly Dividends 72 Outstanding Shares 73 Line of Credit 75 Limit 76 Borrowing increment Required 77 Annual interest Rate 78 Borrowings occur on the 81 82 Additional Item \begin{tabular}{|l|l|l|} \hline 83 & Fixed Asset Purchase & $ \\ 84 & Month & 400,000 \\ 85 & & February \\ \hline 86 & & \\ \hline 87 & & \end{tabular} The company is preparing its budget for the coming year, 2022. The first step is to plan for the first quarter of that coming year. The following Information has been gathered from their managers. Grading guidelines are on the instructions tab. The com pany likestoktery Planning 41 Manufacturing Overhead Costs 42 Variable costs per direct lobor hour 47 Fixed costs per month 48 Salaries \begin{tabular}{|l|l|} \hline 49 & Depreciation \\ \hline 50 & Property taxes \\ \hline 51 & Insurance \\ \hline 52 & Janitorial \\ \hline 53 & \\ \hline 54 & Selling and Administrative Costs \\ \hline \end{tabular} 42,00016,8002,6751,2001,300 S5 Variable costs per unit sold 56 Fixed costs per month 63 Income Taxes 64 Accrued on Monthly Net income 35% rounded to nearest dollar 65 Amounts Accrued Q42021 paid January 2022 66 67 Cash and Financing Matters 68 Cach Balance, 12/31/2021 692022 Minimum Balance Required 70 71 Monthly Dividends 72 Outstanding Shares 73 Line of Credit 75 Limit 76 Borrowing increment Required 77 Annual interest Rate 78 Borrowings occur on the 81 82 Additional Item \begin{tabular}{|l|l|l|} \hline 83 & Fixed Asset Purchase & $ \\ 84 & Month & 400,000 \\ 85 & & February \\ \hline 86 & & \\ \hline 87 & & \end{tabular}