The mansgement of Zigby Monufacturing prepored the following bsianse sheet for March $31.$

To prepore a master budget for Aprl, May, and June, mansgement gathers the following information.

a$.$ Soles for March totsl $82,000$ unta. Budgeted soles in units follaw: April, $82,000$; Msy$,79,000$; June, $80,000$; and July, $82,000.$

The product's seling price is $$24\mathrm{.}00$ per unit and tas total product cost $1$ : $$19\mathrm{.}85$ per unit.

b$.$ Row materids inventary conalsts sole y of direct materisls that cost $$20$ per pound. Compsny policy calls for a given month's

ending materisl: inventory to equsl $50\%$ of the next month's direct materisls requirements. The Morch $31$ row materials invertory

is $19,700$ pounds. The budgeted June $30$ ending raw materids Inventory is $16,000$ pounds. Esch finished unt requlres $0\mathrm{.}50$

pound of direct materisla.

c$.$ Company policy calls for o glven month's ending finlshed goods inventory to equal $00\%$ of the next month's budgeted un't sales.

The March $31$ finished goods inventory is $65,600$ units.

d$.$ Esch finlahed unit requlres $0\mathrm{.}50$ hour of direct labor at a rate of $$15$ per hour.

e$.$ The predetermined variable overhesd rate is $$270$ per direct lsbor hour. Deprecistion of $$00,000$ per month is the only fived

factory overhesed ltem.

Monthly general and siministrative expenses include $$48,000$ for siminlatrative salories sond $0\mathrm{.}9\%$ monthy interest on the long$-$

term note psysble.

h$.$ The compony budgets $30\%$ of ssies to be for cash ond the remaining $70\%$ on creat Credit sales are colected in full in the month

following the sale $($no credit sales are colected in the month of sale$).$

purchases are fuly poid in the next month $($none sre poid in the month of purchsse$).$

resch the minimum. Losns requlre on Interest psyment of $1\%$ st esch momth$-$end $($before sny repsyment$),$ if the month$-$end

preliminary cosh boisnce exceeds the minimum, the excess will be used to repsy sny losn.

k$.$ Dividend: of $$40,000$ are budgeted to be deciored and paid in May.

L$.$ No cssh psyments for Income toxes sre budgeted in the second calendar quarter. Income tox will be sasessed st $35\%$ in the

quarter snd budgeted to be poid in the third calender quarter.

m$.$ Equlpment purchases of $$400,000$ are budigeted for the last doy of June.

Required:

Sole: budget

$2$ Production budget

Direct material budget.

Direct labor budget

Fsctory overhesd budget.

Seling expense budget.

Generd and odminlatrotive expense budget.

Schedule of cosh receipts.

Sehedule of cosh poyments for direct materiols..

Cosh budget.

Budgeted Income statement for entire second quarter $($not monthly.

$12$ Budgeted bolance sheet at June $30.$

Complete this question by entering your answers in the tabs below.

Eucgeted balance shoet at June $30.$

Note: Found your final answers to the nearest whale dalar.