The facts and figures relating to Al Dhafra Corporation are as follows. Al Dhafra Corporation produces plastic garden sprinklers. The company is preparing its budget for 2015. The first step sto plan for the first quarter of that coming year. What has collected the following information from the managers 1 Sales for November 2014 Sales for December 2014 Expected sales for January 2015 Expected sales for February 2015 Expected sales for March 2015 Expected sales for April 2015 Expected sales for May 2015 Seiling price per unit 112.500 units 302,300 183,000 units 112.500 units 106.000 units 225.000 units 137.500 $12 Al Dhafra likes to keep 10% of next month'sunt salesin ending inventory. All sales are on credit 85% of the accounts receivable are collected in the month of sale and 15% of the accounts receivable are collected in the month after sale. Accounts receivable on December 31, 2014, totaled $183,780 2 Direct Materials 2 pounds of direct materials are needed to produce one unit. Al Dhafra likes to keep 5% of the materials needed for the next month's production in lending inventory raw materials on hand on December 31, 2014, totale 11.295 pounds Payment for materials is made within 15 days 50 is paid in the month of purchase, and is paid after the month of purchase. Accounts payable on December 31, 2014, totaled 51.20,595 3. Direct Labor labor requires 12 minutes per unit for completion and is paid at a rate of 58 per hour 4 Manufacturing Overhead Indirect materials $0:30 per tabor how Indirect labor SO 50 perlabor hour 50.45 per bor hour Maintenance $0.25 per bor hour Factory supervisor's salary $42,000 per month Factory Depreciation $36.800 per month Property taxes 52.675 per month Insurance $ 1.200 per month Repairs $1.300 per month 5 Selling and Administrative expenses Salaries $12,000 per month Advertising $15.000 per month Insurance $ 1.400 per month Office Depreciation $2.500 per month Other faced costs $3.000 per month Other Information 6:41 Blackboard - True 31. Repairs $1,200 per month 5 Seid Adrome $12,000 per month Advertising $15.000 per month Insurance 51,400 per month Office Depreciation $2.500 per month Other feed.co $2,000 per month The cash balance on December 31, 2014 totaled $300.500.but management has decided would like to manca blanceolat 800,000 begingowy1.2015 Dividends we padech 2.0 per store for S.rs The company has a contine credit with rational Bank Theme borrowing to be in the increments of $1,000 and the interest rateDarbo the first day of the month and repays on the last day of the month posible A$300.000 eur purchase is planned for February 2015 Instructions: This group project requires the use of EXCEL spreadsheets to prepare various buye for a manufacturing 2. The channed to form at more than estat and locate the among themely 1. All the members of the post contribute to the stort and starter equitably 4. The pou should PREPARE the following documents for the fire un February March 2016 by nina Mistret 14 3283EEEEE Production Budget Direct Material Pachete de Dired berri Manufacturing Overhead.de Selling and Administration Best Schedule of expected cash collections from customer Schedule for expeded cashmeres formater purchases A Cash