Question

The management of Zigby Manufacturing prepared the following estimated balance sheet for March, 2015: ZIGBY MANUFACTURING EstTo prepare a master budget for April, May, and June of 2015, management gathers the following information a. Sales for March1. Sales budget ZIGBY MANUFACTURING Sales Budget April, May, and June 2015 Budgeted Budgeted Unit Sales Unit Price Budgeted T2. Production budget ZIGBY MANUFACTURING Production Budget April, May, and June 2015 April May Next months budgeted sales (u3. Raw materials budget. ZIGBY MANUFACTURING Raw Materials Budget April, May, and June 2015 April May June Production budget3. Raw materials budget. ZIGBY MANUFACTURING Raw Materials Budget April, May, and June 2015 April May June Production budget4. Direct labor budget. ZIGBY MANUFACTURING Direct Labor Budget April, May, and June 2015 April May June Total Budgeted produ5. Factory overhead budget. ZIGBY MANUFACTURING Factory Overhead Budget April, May, and June 2015 April May June Total Labor6. Selling expense budget. ZIGBY MANUFACTURING Selling Expense Budget April, May, and June 2015 April May June Budgeted sales7. General and administrative expense budget ZIGBY MANUFACTURING General and Administrative Expense Budgets April, May, and J8. Cash budget. (Negative balance and Loan repayment amount should be indicated with minus sign. Round your answers to 2 deciBudgeted income statement for the entire first quarter (not for each month separately). ZIGBY MANUFACTURING Budgeted Income S10. Budgeted balance sheet. ZIGBY MANUFACTURING Budgeted Balance Sheet June 30, 2015 Assets Liabilities and Equity LiabilitieThere are a lot of different charts, please keep it organized so i understand what is going on.

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Answer #1
1 ZIGBY MANUFACTURING
Sales Budget
April, May, and June 2015
Budgeted unit sales Budgeted unit price Budgeted total dollars
April 2015 23000 23.60 542800
May 2015 15300 23.60 361080
June 2015 20400 23.60 481440
Totals for the quarter 58700 1385320
2 ZIGBY MANUFACTURING
Production Budget
April, May, and June 2015
April May June
Next month's budgeted sales (units) 15300 20400 23000
Ratio of inventory to future sales 80% 80% 80%
Budgeted ending inventory (units) 12240 16320 18400 18400
Budgeted unit sales for month 23000 15300 20400 58700
Required units of available production 35240 31620 38800 77100
Beginning inventory (units) 18400 12240 16320 18400
Units to be produced 16840 19380 22480 58700
3 ZIGBY MANUFACTURING
Raw Materials Budget
April, May, and June 2015
April May June
Production budget (units) 16840 19380 22480 58700
Material required per unit of production 0.50 0.50 0.50 0.50
Materials needed for production 8420 9690 11240 29350
Ending inventory @ 50% next months material requirements 4845 5620 4100 4100
Total material requirements (units) 13265 15310 15340 33450
Beginning inventory (units) 4210 4845 5620 4210
Materials to be purchased 9055 10465 9720 29240
Material price per unit $ 20 20 20 20
Total cost of direct material purchases 181100 209300 194400 584800
4 ZIGBY MANUFACTURING
Direct Labor Budget
April, May, and June 2015
April May June Total
Budgeted production (units) 16840 19380 22480 58700
Direct labor hours required per unit 0.50 0.50 0.50 0.50
Total labor hours needed 8420 9690 11240 29350
Direct labor rate per hour $ 15 15 15 15
Labor dollars 126300 145350 168600 440250

Per HOMEWORKLIB RULES, the first 4 parts have been answered. Please post the remaining separately. Thank you.

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