Show me the steps to solve $6-48$ Comprehensive budgeting problem; activity$-$based costing, operating and financial budgets. Tyva makes a very popular undyed cloth sandal in one style, but in Regular and Deluxe. The Regular sandals have cloth soles and the Deluxe sandals have cloth$-$covered wooden soles. Tyva is preparing its budget for June $2021$ and has estimated sales based on past experience. Other information for the month of June follows:

Input Prices Direct materials

Cloth Wood Direct manufacturing labor

$$5$ Tyva accounts for direct materials using a FIFO cost$-$flow assumption. Sales and Inventory Information, Finished Goods

Tyva uses a FIFO cost$-$flow assumption for finished$-$goods inventory.

All the sandals are made in batches of $50$ pairs of sandals. Tyva incurs manufacturing overhead costs,

marketing and general administration, and shipping costs. Besides materials and labor, manufacturing

costs include setup, processing, and inspection costs. Tyva ships $40$ pairs of sandals per shipment. Tyva

uses activity$-$based costing and has classified all overhead costs for the month of June as shown in the

following chart:

Cost Type

Denominator Activity

Rate

Manufacturing

Setup

Setup$-$hours

$ $18$ per setup$-$hour Prepare each of the following for June:

a$.$ Revenues budget

b$.$ Production budget in units

c$.$ Direct material usage budget and direct material purchases budget in both units and dollars; round

to dollars

d$.$ Direct manufacturing labor cost budget

e$.$ Manufacturing overhead cost budgets for setup, processing, and inspection activities

f$.$ Budgeted unit cost of ending finished$-$goods inventory and ending inventories budget

g$.$ Cost of goods sold budget

h$.$ Marketing and general administration and shipping costs budget Tyva's balance sheet for May $31$ follows.

Tyva Balance Sheet as of May $31$

Liabilities and EquityUse the balance sheet and the following information to prepare a cash budget for Tyva for June. Round to

dollars.

$=$ All sales are on account; $60\%$ are collected in the month of the sale, $38\%$ are collected the follow$-$

ing month, and $2\%$ are never collected and written off as bad debts.

All purchases of materials are on account. Tyva pays for $80\%$ of purchases in the month of pur$-$

chase and $20\%$ in the following month.

All other costs are paid in the month incurred, including the declaration and payment of a $$15,000$

cash dividend in June.

Tyva is making monthly interest payments of $0\mathrm{.}5\%(6\%$ per year$)$ on a $$150,000$ long$-$term loan.

Tyva plans to pay the $$10,800$ of taxes owed as of May $31$ in the month of June. Income tax ex$-$

pense for June is $$25,107,$ which will be paid in July.

$30\%$ of processing, setup, and inspection costs and $10\%$ of marketing and general administration$\mathrm{.}25$ per yard $ $7\mathrm{.}50$ per board foot $$15$ per direct manufacturing labor$-$hour.

the last statement say $30\%$ depreciation. I need a cash budget, budgeted net income state, and a balance sheet. Please show exact computations from the previously made schedules within the problem.