Complete this question by entering your answers in the tabs below. Direct materials budget. Note: Round per unit values to 2 decimal places. Complete this question by entering your answers in the tabs below. Selling expense budget. Budgeted balance sheet at June 30 . Note: Round your final answers to the nearest whole dollar. ZIGBY MANUFACTURING Complete this question by entering your answers in the tabs below. Production budget. 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. \begin{tabular}{|c|c|c|c|c|} \hline \multicolumn{5}{|c|}{ Loan balance } \\ \hline & \multicolumn{2}{|c|}{ April } & May & June \\ \hline \multicolumn{5}{|c|}{ Loan balance - Beginning of month } \\ \hline \multicolumn{5}{|l|}{ Additional loan (loan repayment) } \\ \hline Loan balance - End of month & $ & 0 & & \\ \hline \end{tabular} Complete this question by entering your answers in the tabs 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. Factory overhead budget. Note: Round variable overhead rate values to 2 decimal places. Complete this question by entering your answers in the tabs below. Sales budget. 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. a. Sales for March total 94,300 units. Budgeted sales in units follow. April, 94,300; May, 89,700; June, 92,000; and July, 94,300. The product's selling price is $24.00 per unit and its total product cost is $19.85 per unit. b. Raw materials inventory consists solely of direct materials that cost $20 per pound. Company policy calls for a given month's ending materials inventory to equal 50% of the next month's direct materials requirements. The March 31 raw materials inventory is 22,655 pounds. The budgeted June 30 ending raw materials inventory is 18,400 pounds. Each finished unit requires 0,50 pound of direct materials. c. Company policy calls for a given month's ending finished goods inventory to equal 80% of the next month's budgeted unit sales. The March 31 finished goods inventory is 75,440 units. d. Each finished unit requires 0.50 hour of direct labor at a rate of $15 per hour. e. The predetermined variable overhead rate is $2.70 per direct labor hour. Depreciation of $92,000 per month is the only fixed factory overhead item. f. Sales commissions of 8% of sales are paid in the month of the sales. The sales manager's monthly salary is $13,800. g. Monthly general and administrative expenses include $55,200 for administrative salaries and 0.9% monthly Interest on the longterm note payable: h. The company budgets 30% of sales to be for cash and the remaining 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). Complete this question by entering your answers in the tabs below. Direct labor budget. Note: Round per unit values to 2 decimal places. \begin{tabular}{|l|l|l|l|} \hline & & & \\ \hline Beginning cash balance & & & \\ \hline & & & \\ \hline Total cash available & & & \\ \hline Less: Cash payments for: & & & \\ \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline \end{tabular} Complete this question by entering your answers in the tabs below. General and administrative expense budget. Complete this question by entering your answers in the tabs below. Direct materials budget. Note: Round per unit values to 2 decimal places. Complete this question by entering your answers in the tabs below. Selling expense budget. Budgeted balance sheet at June 30 . Note: Round your final answers to the nearest whole dollar. ZIGBY MANUFACTURING Complete this question by entering your answers in the tabs below. Production budget. 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. \begin{tabular}{|c|c|c|c|c|} \hline \multicolumn{5}{|c|}{ Loan balance } \\ \hline & \multicolumn{2}{|c|}{ April } & May & June \\ \hline \multicolumn{5}{|c|}{ Loan balance - Beginning of month } \\ \hline \multicolumn{5}{|l|}{ Additional loan (loan repayment) } \\ \hline Loan balance - End of month & $ & 0 & & \\ \hline \end{tabular} Complete this question by entering your answers in the tabs 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. Factory overhead budget. Note: Round variable overhead rate values to 2 decimal places. Complete this question by entering your answers in the tabs below. Sales budget. 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. a. Sales for March total 94,300 units. Budgeted sales in units follow. April, 94,300; May, 89,700; June, 92,000; and July, 94,300. The product's selling price is $24.00 per unit and its total product cost is $19.85 per unit. b. Raw materials inventory consists solely of direct materials that cost $20 per pound. Company policy calls for a given month's ending materials inventory to equal 50% of the next month's direct materials requirements. The March 31 raw materials inventory is 22,655 pounds. The budgeted June 30 ending raw materials inventory is 18,400 pounds. Each finished unit requires 0,50 pound of direct materials. c. Company policy calls for a given month's ending finished goods inventory to equal 80% of the next month's budgeted unit sales. The March 31 finished goods inventory is 75,440 units. d. Each finished unit requires 0.50 hour of direct labor at a rate of $15 per hour. e. The predetermined variable overhead rate is $2.70 per direct labor hour. Depreciation of $92,000 per month is the only fixed factory overhead item. f. Sales commissions of 8% of sales are paid in the month of the sales. The sales manager's monthly salary is $13,800. g. Monthly general and administrative expenses include $55,200 for administrative salaries and 0.9% monthly Interest on the longterm note payable: h. The company budgets 30% of sales to be for cash and the remaining 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). Complete this question by entering your answers in the tabs below. Direct labor budget. Note: Round per unit values to 2 decimal places. \begin{tabular}{|l|l|l|l|} \hline & & & \\ \hline Beginning cash balance & & & \\ \hline & & & \\ \hline Total cash available & & & \\ \hline Less: Cash payments for: & & & \\ \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline \end{tabular} Complete this question by entering your answers in the tabs below. General and administrative expense budget