Where am I calculating wrong? can't get it too balance out.

Computer equipment for the administrative offices will be purchased in the upcoming quarter. In January, Osborne Manufacturing will purchase equipment for $5,800 (cash), while February's cash expenditure will be $14,200, and March's cash expenditure will be $17,800. Operating expenses are budgeted to be $1.25 per unit sold plus fixed operating expenses of $1,800 per month. All operating expenses are paid in the month in which they are incurred. Depreciation on the building and equipment for the general and administrative offices is budgeted to be $5,000 for the entire quarter, which includes depreciation on new acquisitions. Usborne Manutacturing has a policy that the ending cash balance in each month must be at least $3,900. The company has a line of credit with a local bank. It can borrow in increments of $1,000 at the beginning of each month, up to a total outstanding loan balance of $80,000. The interest rate on these loans is 3% per month simple interest (not compounded). Osborne Manufacturing pays down the line of credit balance if it has excess funds at the end of the quarter. The company also pays the accumulated interest at the end of the quarter on the funds borrowed during the quarter. The company's income tax rate is projected to be 16% of operating income less interest expense. The company pays $10,200 cash at the end of February in estimated taxes. Cash Collections Budget Cash Sales Credit Sales Total cash collections 2 Perpare a production budget. (Hint: Unit sales = Sales in dollars / Selling price per unit Production Budget Unit Sales Plus: Desired ending inventory Total needed Less: Beginning inventory Units to produce \begin{tabular}{|r|r|r|r|} \hline \multicolumn{1}{|c|}{ January } & \multicolumn{1}{c|}{ February } & \multicolumn{1}{l|}{ March } & \multicolumn{1}{l|}{ Quarter } \\ \hline 4630 & 6050 & 5515 & 16195 \\ 1210 & 1103 & 1178.9 & 1178.9 \\ \hline 5840 & 7153 & 6693.9 & 17373.9 \\ 926 & 1210 & 1103 & 926 \\ \hline 4914 & 5943 & 5591 & 16448 \\ \hline \hline \end{tabular} 3 Perpare a direct materials budget Direct Materials Budget Units to be produced xkg of DM needed per unit Quantity (kg) needed for production Plus: Desired ending inventory of DM Total quantity (kg) needed Less: Beginning inventory of DM Quantity (kg) to purchase x Cost per kg Total cost of DM purchases 4 Prepare a cash payments budget for the direct material purchases from Requirment 3 Cash Payments for Direct Material Purchases Budget \begin{tabular}{|l|l|l|l|l|l|} \hline & January & February & March & \multicolumn{1}{l|}{ Quarter } \\ \hline December purchases (from Accounts Payable & $49,600.00 & & & $49,600.00 \\ \hline January purchases & $13,979.70 & $41,939.10 & & $55,918.80 \\ \hline February purchases & & $15,230.78 & $45,692.33 & $60,923.10 \\ \hline March purchases & & & $15,120.11 & $15,120.11 \\ \hline Total cash payments for DM purchases & $63,579.70 & $57,169.88 & $60,812.43 & $181,562.01 \\ \hline \hline \end{tabular} 5 Perpare a cash payments budget for conversion costs. 6 Prepare a cash payments budget for operating expenses Cash Payments for Direct Material Purchases Budget Variable operating expenses Fixed operating expenses Total payments for operating expenses Units Sold \begin{tabular}{|l|r|} \hline Jan & 4630 \\ \hline Feb & 6050 \\ \hline Mar & 5515 \\ \hline \end{tabular} 7 Prepare a combined cash budget Combined Cash Budget Cash balance, beginning Add cash collections Total cash available \begin{tabular}{|l|l|l|l|} \hline \multicolumn{1}{|l|}{ January } & \multicolumn{2}{l|}{ February } & \multicolumn{2}{l|}{ March } & \multicolumn{2}{l|}{ Quarter } \\ \hline$4,250.00 & $4,194.90 & $4,445.22 & $4,250.00 \\ \hline$80,717.50 & $101,120.00 & $117,790.00 & $299,627.50 \\ \hline$84,967.50 & $105,314.90 & $122,235.23 & $303,877.50 \\ \hline \end{tabular} Less cash payments Direct material purchases Conversion costs Operating expenses Equipment purchases Tax payment Total disbursements Ending cash balance before financing Financing: Borrowings Repayments Interest payments Total financing Cash balance, ending Prepare a budgeted income statement for the quarter ending March 31. (Hint: Cost of goods sold = Budgeted cost of manufacturing each unit / Number of |unite enld1 8 Calculate the budgeted manufacturing cost per unit (assume that fixed manufacturing overhead is budgeted to be $0.60 per unit for the year) Cash Payments for Conversion Costs Budget Direct materials cost per unit Conversin costs per unit Fixed manufacturing overhead per unit Budgeted cost of manufacturing each unit \begin{tabular}{|r|} \hline 10.5 \\ 1.1 \\ \hline 0.6 \\ \hline 12.2 \\ \hline \hline \end{tabular} As at March 31 Current Year Current assets Osborne Manufacturing is preparing its master budget for the first quarter of the upcoming year. The following data pertain to Osborne Manufacturing's operations: Current assets as of December 31 (prior year): a Actual sales in December were $75,625. Selling price per unit is projected to remain stable at $20 per unit throughout the budget period. Sales for the first five months of the upcoming year are budgeted to be as follows: \begin{tabular}{|l|l|l|r|} \hline January & & $ & 92,600 \\ \hline February & & $ & 121,000 \\ \hline March & & $ & 110,300 \\ \hline April & & $117,890 \\ \hline May & & $129,800 \\ \hline \end{tabular} b Sales are 30% cash and 70% credit. All credit sales are collected in the month following the sale. c Osborne Manufacturing has a policy that states that each month's ending inventory of finished goods should be 20% of the following month's sales (in units). Of each month's direct material purchases, 25% are paid for in the month of purchase, while the remainder is paid for in the month following purchase. Five kilograms of direct material is needed per unit at $2.10 per kilogram. Ending inventory of direct materials should be 40% of next month's production needs. Monthly manufacturing conversion costs are $4,200 for factory rent, $3,200 for other fixed manufacturing expenses, and $1.10 per unit for variable manufacturing overhead. No depreciation is included in these figures. All Computer equipment for the administrative offices will be purchased in the upcoming quarter. In January, Osborne Manufacturing will purchase equipment for $5,800 (cash), while February's cash expenditure will be $14,200, and March's cash expenditure will be $17,800. Operating expenses are budgeted to be $1.25 per unit sold plus fixed operating expenses of $1,800 per month. All operating expenses are paid in the month in which they are incurred. Depreciation on the building and equipment for the general and administrative offices is budgeted to be $5,000 for the entire quarter, which includes depreciation on new acquisitions. Usborne Manutacturing has a policy that the ending cash balance in each month must be at least $3,900. The company has a line of credit with a local bank. It can borrow in increments of $1,000 at the beginning of each month, up to a total outstanding loan balance of $80,000. The interest rate on these loans is 3% per month simple interest (not compounded). Osborne Manufacturing pays down the line of credit balance if it has excess funds at the end of the quarter. The company also pays the accumulated interest at the end of the quarter on the funds borrowed during the quarter. The company's income tax rate is projected to be 16% of operating income less interest expense. The company pays $10,200 cash at the end of February in estimated taxes. Cash Collections Budget Cash Sales Credit Sales Total cash collections 2 Perpare a production budget. (Hint: Unit sales = Sales in dollars / Selling price per unit Production Budget Unit Sales Plus: Desired ending inventory Total needed Less: Beginning inventory Units to produce \begin{tabular}{|r|r|r|r|} \hline \multicolumn{1}{|c|}{ January } & \multicolumn{1}{c|}{ February } & \multicolumn{1}{l|}{ March } & \multicolumn{1}{l|}{ Quarter } \\ \hline 4630 & 6050 & 5515 & 16195 \\ 1210 & 1103 & 1178.9 & 1178.9 \\ \hline 5840 & 7153 & 6693.9 & 17373.9 \\ 926 & 1210 & 1103 & 926 \\ \hline 4914 & 5943 & 5591 & 16448 \\ \hline \hline \end{tabular} 3 Perpare a direct materials budget Direct Materials Budget Units to be produced xkg of DM needed per unit Quantity (kg) needed for production Plus: Desired ending inventory of DM Total quantity (kg) needed Less: Beginning inventory of DM Quantity (kg) to purchase x Cost per kg Total cost of DM purchases 4 Prepare a cash payments budget for the direct material purchases from Requirment 3 Cash Payments for Direct Material Purchases Budget \begin{tabular}{|l|l|l|l|l|l|} \hline & January & February & March & \multicolumn{1}{l|}{ Quarter } \\ \hline December purchases (from Accounts Payable & $49,600.00 & & & $49,600.00 \\ \hline January purchases & $13,979.70 & $41,939.10 & & $55,918.80 \\ \hline February purchases & & $15,230.78 & $45,692.33 & $60,923.10 \\ \hline March purchases & & & $15,120.11 & $15,120.11 \\ \hline Total cash payments for DM purchases & $63,579.70 & $57,169.88 & $60,812.43 & $181,562.01 \\ \hline \hline \end{tabular} 5 Perpare a cash payments budget for conversion costs. 6 Prepare a cash payments budget for operating expenses Cash Payments for Direct Material Purchases Budget Variable operating expenses Fixed operating expenses Total payments for operating expenses Units Sold \begin{tabular}{|l|r|} \hline Jan & 4630 \\ \hline Feb & 6050 \\ \hline Mar & 5515 \\ \hline \end{tabular} 7 Prepare a combined cash budget Combined Cash Budget Cash balance, beginning Add cash collections Total cash available \begin{tabular}{|l|l|l|l|} \hline \multicolumn{1}{|l|}{ January } & \multicolumn{2}{l|}{ February } & \multicolumn{2}{l|}{ March } & \multicolumn{2}{l|}{ Quarter } \\ \hline$4,250.00 & $4,194.90 & $4,445.22 & $4,250.00 \\ \hline$80,717.50 & $101,120.00 & $117,790.00 & $299,627.50 \\ \hline$84,967.50 & $105,314.90 & $122,235.23 & $303,877.50 \\ \hline \end{tabular} Less cash payments Direct material purchases Conversion costs Operating expenses Equipment purchases Tax payment Total disbursements Ending cash balance before financing Financing: Borrowings Repayments Interest payments Total financing Cash balance, ending Prepare a budgeted income statement for the quarter ending March 31. (Hint: Cost of goods sold = Budgeted cost of manufacturing each unit / Number of |unite enld1 8 Calculate the budgeted manufacturing cost per unit (assume that fixed manufacturing overhead is budgeted to be $0.60 per unit for the year) Cash Payments for Conversion Costs Budget Direct materials cost per unit Conversin costs per unit Fixed manufacturing overhead per unit Budgeted cost of manufacturing each unit \begin{tabular}{|r|} \hline 10.5 \\ 1.1 \\ \hline 0.6 \\ \hline 12.2 \\ \hline \hline \end{tabular} As at March 31 Current Year Current assets Osborne Manufacturing is preparing its master budget for the first quarter of the upcoming year. The following data pertain to Osborne Manufacturing's operations: Current assets as of December 31 (prior year): a Actual sales in December were $75,625. Selling price per unit is projected to remain stable at $20 per unit throughout the budget period. Sales for the first five months of the upcoming year are budgeted to be as follows: \begin{tabular}{|l|l|l|r|} \hline January & & $ & 92,600 \\ \hline February & & $ & 121,000 \\ \hline March & & $ & 110,300 \\ \hline April & & $117,890 \\ \hline May & & $129,800 \\ \hline \end{tabular} b Sales are 30% cash and 70% credit. All credit sales are collected in the month following the sale. c Osborne Manufacturing has a policy that states that each month's ending inventory of finished goods should be 20% of the following month's sales (in units). Of each month's direct material purchases, 25% are paid for in the month of purchase, while the remainder is paid for in the month following purchase. Five kilograms of direct material is needed per unit at $2.10 per kilogram. Ending inventory of direct materials should be 40% of next month's production needs. Monthly manufacturing conversion costs are $4,200 for factory rent, $3,200 for other fixed manufacturing expenses, and $1.10 per unit for variable manufacturing overhead. No depreciation is included in these figures. All