Please help me with this accounting question, I am having issues solving. I did

Question

Please help me with this accounting question, I am having issues solving. I did the first four questions but need a full breakdown if possible. Please clearly breakdown in table format, so I know exactly what numbers are placed in the correct areas of the table.

Please check these answers below. I completed 1-4. Need help on 5-8 (Please break down in table format)

Please breakdown 5-8 in table format so I can understand what solutions go where. Thank you in advance!

Please break down in table format as well. Thank you!

Explanation / Answer

5. Factory Overhead Budget ZIGBY MANUFACTURING Factory Overhead Budget April, May and June 2015 Particulars April May June Total Labour Hours Needed 9160 10470 11470 31100 Variable Factory Overhead Rate 4.40 4.40 4.40 4.40 Budgeted Variable Overhead 40304.00 46068.00 50468.00 136840.00 Budgeted Fixed Overhead 37320.00 37320.00 37320.00 111960.00 Budgeted Total Overhead 77624.00 83388.00 87788.00 248800.00 6. Selling Expense Budget ZIGBY MANUFACTURING Selling Expense Budget April, May and June 2015 Particulars April May June Total Budgeted Sales 580000.00 427500.00 547500.00 1555000.00 Sales Commission Percent 0.05 0.05 0.05 0.05 Sales Commissions 29000.00 21375.00 27375.00 77750.00 7. General and Administrative Expense Budget ZIGBY MANUFACTURING General and Administrative Expense Budget April, May and June 2015 Particulars April May June Total Administrative Salaries 29000.00 29000.00 29000.00 87000.00 Interest on Long Term Note Payable 4160.00 4160.00 4160.00 12480.00 Total 33160.00 33160.00 33160.00 99480.00 ZIGBY MANUFACTURING Cash Budget April, May and June 2015 Particulars April May June Total Beginning Cash Balance 57000.00 175166.00 259953.00 Cash receipts from customers Cash Sales 116000.00 85500.00 109500.00 311000.00 Cash collection from debtors 464000.00 464000.00 342000.00 1270000.00 Total cash available 637000.00 724666.00 711453.00 1581000.00 Cash Disbursements: Payments for raw materials 206300.00 196300.00 219400.00 622000.00 Payments for direct labour 119080.00 136110.00 149110.00 404300.00 Payments for variable overhead 40304.00 46068.00 50468.00 136840.00 Sales commissions 29000.00 21375.00 27375.00 77750.00 Sales salaries 4700.00 4700.00 4700.00 14100.00 General and administrative salaries 29000.00 29000.00 29000.00 87000.00 Dividends 0.00 27000.00 0.00 27000.00 Loan Interest 290.00 0.00 Long term loan interest 4160.00 4160.00 4160.00 12480.00 Purchase of equipment 0.00 0.00 147000.00 147000.00 Total cash disbursements 432834.00 464713.00 631213.00 Preliminary cash balance 204166.00 259953.00 80240.00 Additional loan (loan repayment) -29000.00 0.00 18760.00 Ending cash balance 175166.00 259953.00 99000.00 Loan Balance April, May and June 2015 Particulars April May June Total Loan Balance - Beginning of month 29000.00 0.00 0.00 Additional loan (loan repayment) -29000.00 0.00 18760.00 Loan Balance - End of month 0.00 0.00 18760.00

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