The management of Zigby Manufacturing prepared the following balance sheet for March 31 . To prepare a master budget for April. May, and June. management gathers the following information. 0. Soles for March total 90.200 units. Budgeted saies in units follow: Apri, 90.200; May, 85.800, June, 88,000; and Juty, 90.200 . The product's selling price is $24.00 per unit and its total product cost is $19.85 per unit, b. Raw matefials inventory consists solely of direct moterials thet cost $20 per pound. Company policy calis for a given month's ending materiais inventory to equal 50% of the next month's direct moterials requirements. The March 31 raw materiais inventory (5 21,670 pounds, The bucgeted June 30 ending raw materis is inventory is 17,600 pounds. Each finished unit requires 0.50 pound of direct materiais. c. Company policy calls for a given month's ending finished goods inventory to equa1 sos of the next month's budgeted unit sales The Morch 31 finished goods inventory is 72160 units. d. Each finished unit reguires o,50 hour of direct labor at s rate of 515 pet hour. e. The predetermined vorlable overkesd rote is $270 per direct lsbor hour Depreclation of $88,000 per month is the only fored foctory ovemesd item 1. Sales commissions of 89 of sales are poid in the month of the se les. The sales munagers monthly salary is $13.200 0. Monthy general and edministrotve expenses include $52.800 or odministrotive sudsties and o.9 monthy intereit on the longterm note psyable h. The company budgets 30% of saies to be for cosh shd the remoining 70 w on credt credi soles are solected in tur in the month following the sale (no creat sales are collected in the month of sole) 1. Altrow menerisls ourchbses are on ciedit, ond occounth poyobie are solely tied to tow meterials putrchase: Rarrmererials purchssts oie fuly podi in the next mont inone ate pald in the month of purchase) 1. The minimum end ng cesh osisnce for all monerg is 5176.000 if necessary, the company borraws enough cosh using a losn to resen the irinmum Loens iequire on interestpayment of that esch morthiend (pefore any repdyment if the monthend Proaucuon puaget 3. Direct materials budget. 4. Direct labor budget: 5. Factory overhead budget 0. Selling expense budget 7. General and administrative expense budget. 8. Schedule of cash receipts: 9. Schedule of cash payments for direct materials. 10. Cash budget. 11. Budgeted income statement for entire second quarter (not monthly)12 Budgeted balance sheet at June 30 . Complete this question by entering your answers in the tabs below. Sales budget