Suppose you are the cost controller Lilian, after the recent discussions with Jason, you plan to do some budgeting analysis to decide whether digital technologies should be implemented in the budgeting process. Please complete the following tasks based on the above information and the appendixes.

Note: Round all unit costs to Three Decimal Places, and ending balances to the nearest dollar.

Task $1$

Prepare the following operating budgets for the second quarter of $2024($April$,$ May, June$)$ for Neway Company.

Revenue budget

Production budget in units

Direct material usage budget and direct materials purchases budget

Direct manufacturing labor costs budget

Manufacturing overhead costs budget

Ending inventories budget $($direct materials and finished goods$)$

Cost of goods sold budget

Budgeted income statement