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The following information is available for Boostarama Company: Expected sales volume: April 1 , 4 3 0 units May 1 , 8 0 0 units

The following information is available for Boostarama Company:
Expected sales volume:
April 1,430 units
May 1,800 units
June 1,750 units
July 1,000 units
Selling price per unit $30
Beginning finished goods inventory, April 1(210 units) $5,250
Direct materials needed per unit 5 pounds
Total direct labor time per finished unit of product 2 hours
Direct materials cost per pound $0.50
Direct labor cost per hour $8
Additional information:
a. The desired finished goods inventory every month is 15% of the next month's sales.
b. Variable manufacturing overhead is applied based on direct labor hours. Variable manufacturing overhead rate is $2.40/DLH. Fixed overhead costs are $3,200 per month.
c. Period expenses are $5,000 per month.
REQUIRED (Please show budgets for the individual months as well as for the Quarter):
1. Prepare sales budgets for the second Quarter.
2. Prepare production budgets for the second Quarter.
3. Prepare direct materials budgets for the second Quarter.
4. Prepare direct labor budgets for the second Quarter.
5. Prepare manufacturing overhead budgets for the second Quarter.
6. Prepare ending finished goods budgets for the second Quarter.
7. Prepare cost of goods sold budgets for the second Quarter.
8. Prepare a budgeted income statement for the second Quarter.

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