1. The final product (bags of crackers) requires two direct materials: flour and packaging.

Flour

1.5 pounds of flour are required for each bag of crackers. Management desires to have materials on hand (i.e., pounds of flour) at the end of each month equal to 20 percent of the following month's production needs. Use the @ROUNDUP function to round up to the nearest whole number the number of pounds of flour desired in ending inventory. The beginning materials inventory in October 2021, is expected to be 20,804 pounds. Flour costs $0.33 per pound. Flour is only allowed to be purchased in whole pounds, so use the @ROUNDUP function to round up to the nearest whole number the number of pounds to purchase).

Packaging

Packaging material is purchased by the roll and 25 bags of crackers are produced from each roll. The packaging is made from biodegradable, organic plant fiber that extends the shelf life of the crackers while preserving its freshness. Management desires to have packaging on hand at the end of each month equal to 15 percent of the following month's production needs. Use the @ROUNDUP function to round up to the nearest whole number the number of rolls desired in ending inventory. The beginning inventory of packaging (i.e., rolls of packaging material) in October 2021 is expected to be 355 rolls. Packaging is expected to cost $11 per roll. Use the @ROUNDUP function to round up to the nearest whole number the number of rolls to purchase. Prepare a Direct Materials budget.

(Note: budgeted production in January is required in order to complete the direct materials budget for December. Because two direct materials are required for production flour and rolls of packaging you will need a separate schedule for each direct material.)

2. Each bag of crackers requires 0.20 hours of direct labor. Each hour of direct labor costs the company $16. Prepare a Direct Labor budget.

3. BestCrackers budgets indirect materials (e.g., garlic powder, salt, oil) at $0.20 per bag. BestCrackers treats indirect labor and utilities as mixed costs. The variable components are $0.40 per bag for indirect labor and $0.20 per bag for utilities. The following fixed costs per month are budgeted for indirect labor, $15,000, utilities, $3,500, and other, $8,000. Prepare a Manufacturing Overhead budget.

4. Variable selling and administrative expenses are $1.10 per bag of crackers sold. Fixed selling and administrative expenses include administration ($38,000 per month) and marketing ($5,000 per month). Prepare an Operating Expenses budget.

5. Prepare a Budgeted Manufacturing Cost per unit budget. Refer to exhibit 9-11 for guidance. To calculate FMOH/unit calculate total FMOH for the year and divide this by budgeted production for the year. The total production volume for the year is budgeted at 775,000 bags.

6. Prepare a Budgeted Income Statement for the quarter for BestCrackers. Assume interest expense of $0, and income tax expense of 24% of income before taxes. BestCrackerss goal for the quarter is to make its net income greater than 7% of its sales revenue. To determine whether the company achieves the goal, use @IF function. In the IF function, you need to label Achieved if it achieves the goal (if the condition is met) or Not Achieved if it does not achieve (if the condition is not met). Use the CELL right next to Net Income cell to make the IF function that returns one of the labels based on whether the condition (net income > sales revenue*7%) is met or not.

I know it allows me to post only 4 questions but it's a long assignment so I cannot split it. Please help me out!! Thank you so much in advance.