The management of Zigby Manufacturing prepored the followng balance sheet for March 3t Fo prepare a master budget for Aprit, Moy, and June, manogement gathers the following informanon. D. Sales for March total 102,500 units. Budgeted sales in units folow, Aprit, 102,500, May, 97,500, June, 100,000, and Juty, 102,500 The product's selling price is $24.00 per unit and its total product cost is $19.85 per unit. b. Raw materals inventory consists solely of direct matertas that cost $20 per pound Company policy calls for a given mooths ending materials inventory to equal 50N of the next month's direct materials fequirements. The Morch 31 raw materials irventory is 24,625 pounds. The budgeted June 30 ending raw matenats inventory is 20,000 pounds. Each fineshed unt requres 0,50 pound of direct matetials. c. Company policy calts for a given month's ending finished goods inventory to equal sos of the neit month's budgeted unit sales The March 31 finshed goods inventory is 82,000 units d. Each finthed unit requires 0.50 hour of direct fabor at a rate of $15 per hour e. The predetermined vanable overhead rate is $270 per direct labor hour: Depreciation of $100,000 per morth is the only fored factory overhead item f. Sales commissions of 8% of sales are paid in the month of the soles. The sales manageris monthly salary is $15,000 9. Monthly general and admintstrative expenses include $60,000 for administrotive salartes and o.9\$ monithly interest on the long? term note pryable h. The company budgets 30% of sales to be for cash and the rematining 70% on credit. Credit sales are collected in full in the month following the sale (no credit sales are collected in the month of sale) 1. All raw matenals purchases are on credit, and accounts payable are solely tied to raw materials purchases. Raw matertals purchases are fully paid in the next month (none are poid tn the month of purchase) 1. The minimum ending cash balance for all months is $200,000 if necescary, the company borrows enough cah using o loan to pretirninary cash baiance exceeds the minimum, the excess wil be used to repay any loans k. Divdends of $50,000 ere budgeted to be declared and paid in May. 1. No cash payments for theome taves are budgeted in the second calensar quarter. income tax wil be owessed at 355 , in the quarter and budgeted to be paid in the third calendar quarter m. Equipment purchises of $500,000 are budgeted for the last ady of June Required: 1. Sales budget 2. Production budiget 3. Direct matenals budget. 4. Direct labor budget 5. Factory overhead budget. 6. Selling expense budget. 7. General and administrative expense budget a. 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. 3. Direct materlals budget. 4. Direct labor budget 5. Factory overhead budget 6. Selling expense budget 7. General and administrative expense budget 3. Schedule of cash receipts. 9. Schedule of cash payments for direct materlals 10. Cash budget. 11. Budgeted income statement for entre second quarter (not monthly). 12. Budgeted balance sheet at June 30 . Complete this question by entering your answers in the tabs below. Production budget. 3. Direct materlals budget. 4. Direct labor budget 5. Factory overhead budget. 6. Selling expense budget 7. General and administrative expense budget 8. Schedule of cash recelpts. 9. Schedule of cash payments for direct materlals. 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. Direct materials budget. Notei Round per unit values to 2 decimal places. 1. Sales budget 2. Production budget. 3. Direct materlals budget. 4. Direct labor budget. 5. Factory overhead budget. 6. Selling expense budget. 7. General and administrative expense budget. 3. Schedule of cash recelpts; 9. Schedule of cash payments for direct matertals: 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. Direct labor budget. Foter Round perf unit yalues to 2 decimal places. 1. Sales budget. 2. Production budget. 3. Direct materials budget 4. Direct labor budget 5. Factory overhead budget. 6. Selling expense budget 7. General and administrative expense budget. 8. Schedule of cash recelpts. 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. Factory overhead hudget. Notet Round variable overhead rate values to 2 decimal placess. 1. Sales budget 2. Production budget. 3. Direct materials budget 4. Direct labor budget 5. Factory overhead budget. 6. Selling expense budget. 7. General and administrative expense budget 8. Schedule of cash recelpts. 9. Schedule of cash payments for direct materlais. 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. Selling expense budget. Required: 1. Sales budget. 2. Productuon budget. 3. Direct matertals budget. 4. Direct labor budget: 5. Factory overhead budget 6. Selling expense budget. 7. General and administrative expense budget 8. Schedule of cash recelpts: 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. General and administrative expense budget. 3. Direct materlals budget. 4. Direct labor budget. 5. Factory overhead budget. 6. Selling expense budget. 7. General and administrative expense budget. 8. Schedule of cash recelpts. 9. Schedule of cash payments for direct materlals. 10. Cash budget 11. Budgeted income statement for entre second quarter (not monthly). 12. Budgeted balance sheet at June 30 . Complete this question by entering your answers in the tabs below. 8. Schedule of cash receipts. 9. Schedule of cash payments for direct materials. 10. Cash budget. Note: Negative balances and Loan repayment amounts (if any) should be indicated with minus sign. Enter so when applicable. Do not leave cells blank. Complete this question by entering your answers in the fabs below. Budgeted income statement for entire second quarter (not monthly). Note: Round your final answers to the nearest whole dollar. Complete this question by entering your answers in the tabs below. Budgeted balance shet at June 30 . Notei. Round vour final answers to the noarust whole dollar