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dont particulary know where im going wrong besides the 8-10 section. would really appreicate the help because thats all thats left and what im currently stuck on. if you have a solution please post i can upvote

To prepare a master budget for April, May, and June, management gathers the following informathan a. Sales for March total 20,500 units. Budgeted sales in units follow: April, 20,500; May, 19,500; June, 20,000; and July, 20,500. The product's selling price is $24,00 per unit and its total product cost is $1985 per unit b. Row moterials inventory consists solely of direct moterials 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 4.925 pounds. The budgeted June 30 ending raw materials inventory is 4.000 pounds. Eoch 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 16,400 units d. Eoch finished unit requires 0.50 hour of direct labor at a rate of $15 per hour e. The predetermined variable overhead rate is $270 per direct labor hour. Depreciation of $20,000 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 $3,000 9. Monthly general and administrative expenses include $12.000 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 sole) I. All raw materials purchases are on credit, and accounts payable are solely tied to raw materials purchases. Raw materials purchases are fully paid in the next month (none are paid in the month of purchase) j. The minimum ending cash balance for all months is $40,000. If necessary, the company borrows enough cash using a loan to reach the minimum. Loans require an interest payment of to at each month-end (before any repayment). If the month-end preliminary cash balance exceeds the minimum, the excess will be used to repay any loans. k. Dividends of $10,000 are budgeted to be declared and paid in May. 1. No cash poyments for income taxes are budgeted in the second calendar quarter. Income tax will be assessed at 35% in the quatter and budgeted to be paid in the third calendar quarter m. Equipment purchases of $100,000 are budgeted for the last day of June. Required: Required: 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 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 . Required: 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 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 Answer is not complete. Complete this question by entering your answers in the tabs below. Sales budget. 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 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. Production budget. Required: 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 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 Answer is not complete. Complete this question by entering your answers in the tabs below. Direct materials budget. Note: Round per unit values to 2 decimal places. Required: 1. Sales budget 2. Production budget 3. Direct materials budget 4. Direct labor budgel. 5. Factory overhead budget 6. Selling expense budget. 7. General and administrative expense budget 8. Schedule of cach 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 * Answer is not complete. Complete this question by entering your answers in the tabs below. Direct labor budget. Note: Round per unit values to 2 decmal places: Required: 1. Sales budget. 2. Production budget 3. Direct materials budget 4. Direct labor budget. 5. Foctory overhead budget 6. 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 . ( Answer is not complete. Complete this question by entering your answers in the tabs below. Foctory overhead budget. Note: Round variable overhead rate values to 2 decimal places. Required: 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 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 . Answer is not complete. Complete this question by entering your answers in the tabs below. Selling expense budget. 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 administrotive 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 . (A) Answer is not complete. Complete this question by entering your answers in the tabs below. General and administrative expense budget. aischedule of canl resigts. 9. Siteodie of cash paymeris for deect inaleruas. Requited: 1. Soles budget. 2. Production budget. 3. Direct materiols budget. 4. Direct lobor budget. 5. Foctory overheod budget 6. Selling expense budget. 7. General and odministrotive expense budget. 8. Schedule of cash recelpts 9. Schedule of cosh poyments for direct moteriols 10. Cosh budget. 11. Budgeted income statement for entite second quarter (not monthly) 12. Eudgeted bolonce sheet at June 30 . (2) Answer is not complete. Complete this question by entering your answers in the tabs below. Budgeted income statement for entire second quarter (not monthly). Note: Round your finat answers to the neareit whole dollar. Required: 1. Soles budget. 2. Production budget. 2. Drocuctionsteriols budget. 4. Direct lobor budget. 5. Foctory overheod budget. 6. Selling expense budget. 7. Generol and odministrative expense budget 8. Schedule of cosh receipts 9. Schedule of cosh poyments for direct materials. 10. Cash budget 11. Budgeted income stotement for entire second quarter (not monthly). 12 Budgeted balonce sheet ot June 30 . Q Answer is not complete. Complete this question by entering your answers in the tabs below. Budgeted balance sheet at June 30 . Note: Round your finat answen to the nearedt whole doliar

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