*****NEEDS TO BE IN EXCEL with formulas-need help please!!**** I have posted everything needed for this project

For the first quarter of 2019, do the following.

(a) Prepare a sales budget. This is similar to Illustration 21-3 on page 1088 of your textbook.

(b) Prepare a production budget. This is similar to Illustration 21-5 on page 1089 of your textbook.

(c) Prepare a direct materials budget. (Round to nearest dollar) This is similar to Illustration 21-7 on page 1091 of your textbook.

(d) Prepare a direct labor budget. (For calculations, round to the nearest hour.) This is similar to Illustration 21-9 on page 1094 of your textbook.

(e) Prepare a manufacturing overhead budget. (Round intermediate amounts to the nearest dollar.) This is similar to Illustration 21-10 on page 1094 of your textbook. Facts provided:

Serious Business, Inc. The company is preparing its budget for the coming year, 2019. The first step is to plan for the first quarter of that coming year. The following information has been gathered from their managers. Sales Information Period Units November December January February March April May 125,000 Actual 112,000 Actual 123,000 Planned 124,000 Planned 128,000 Planned 138,000 Planned 151,000 Planned Grading guidelines are on the instructions tab. Unit selling price 13.00 Finished Goods Inventory Planning The company likes to keep 10% of the next month's unit sales in finished goods ending inventory Accounts Receivable & Collections Sales on Account 100% Collections Activity Month of Sale Month after Sale Balance at 12/31/18 95% 5% $185,000.00 Materials Inventory Costs & Planning Direct Materials Amount Used per Unit Cost Metal 2 lb 1.00 lb The company likes to keep 5% of the material needed for the next month's production in raw materials ending inventory Accounts Payable&Disbursements Purchases on Account 100% Payment Activity Month of Purchase Month after Purchase Balance at 12/31/18 55% 45% 120,000 Direct Labor & Costs Time per Unit Production Pay Rate/Hour 15 minutes 9.00 Manufacturing Overhead Costs Variable costs per direct labor hour Indirect materials Indirect labor Utilities Maintenance 0.35 0.55 0.45 0.25 Fixed costs per month Salaries Depreciation Property taxes Insurance Janitorial 42,000 16,800 2,675 1,200 1,300