Hello i have attached two pictures. They are both used together to answer the question. The first picture is the information to use too answer the question. The second attachment is the for the answer. I hope it is understandable and whoever answer this can please explain how they got the answers. I need the help. I have marked a yellow x on what i have done already. I DO NOT HELP WITH WHAT IS CROSSED IN YELLOW GOLD MEDAL ATHLETIC CO.Sales BudgetFor the Month Ending March 31Unit SalesUnit SellingTotalVolumePriceFootbailTotal revenue fromeGOLD MEDAL ATHLETIC CO.Production BudgetFor the Month Ending MarchootballHelmetExpected units to be soldTotal units requiredTotal units to be producedGOLD MEDAL ATHLETIC CO.GOLD MEDAL ATHLETIC Co.Direct Materials Purchases BudgetFor the Month Ending March 31Selling and Administrative Expenses BudgetFor the Month Ending March 31PlasticFoam Lining(Ibs.)Pounds required for productionBatting helmetSelling expenses:Football helmetTotal pounds requiredTotal pounds to be purchasedUnit price (per pound)Total direct materials to be purchasedTotal selling expensesAdministrative expenses:GOLD MEDAL ATHLETIC CO.Direct Labor Cost BudgetFor the Month Ending March 31MoldingAssemblyDepartmentDepartmentTotalHours requiredproduction:Batting helmetFootball helmetTotal hours requiredTotal administrative expensesHourly rateTotal direct labor costTotal operating expensesGOLD MEDAL ATHLETIC CO.Factory Overhead Cost BudgetFor the Month Ending March 31GOLD MEDAL ATHLETIC CO.Budgeted Income StatementFor the Month Ending March 31Indirect factory wagesDepreciation of plant and equipmentPower and lightInsurance and property taxTotal.Revenue from salesCost of goods soldGOLD MEDAL ATHLETIC CO.Gross profitCost of Goods Sold BudgetFor the Month Ending March 31Operating expenses:Selling expensesDirect materials:Administrative expensesTotal operating expensesDirect materials purchasesCost of direct materials available for useIncome from operationsOther revenue and expense:Cost of direct materials placedproductionDirect laborInterest revenueFactory overheadTotal manufacturing costsInterest expenseTotal work in process during periodIncome before income taxCost of goods manufacturedIncome tax expenseCost of finished goods available for saleNet incomeCost of goods soldSupporting calculations:UnitsCostTotalFinished goods inventory, March 1:Batting helmetFootball helmetTotalFinished goods inventory, March 31:Batting helmetFootball helmetTotalDirect materials inventory, March 1PlasticFoam liningTotalDirect materials inventory, March 31PlasticFoam liningTotal PR 22-3B Budgeted income statement and supporting budgetsOBJ. 4The budget director of Gold Medal Athletic Co., with the assistance of the controller,treasurer, production manager, and sales manager, has gathered the following data foruse in developing the budgeted income statement for March:a. Estimated sales for March:1,200 units at $40 per unitBatting helmet.6,500 units at $160 per unitFootball helmet(Continued)b. Estimated inventories at March 1:Direct materials:Plastic.... .Foam lining.. .Finished products:Batting helmet....Football helmet....40 units at $25 per unit240 units at $77 per unit90 lb.80 Ib.C. Desired inventories at March 31:Direct materials:Finished products:Batting helmet..Football helmet.....50 units at $25 per unit220 units at $78 per unitPlastic..... .50 lb.65 lb.Foam lining.. .d. Direct materials used in production:In manufacture of batting helmet:1.20 lb. per unit of product0.50 lb. per unit of productPlastic........Foam lining....... .. .In manufacture of football helmet:Plastic.3.50 lb. per unit of product1.50 lb. per unit of productFoam lininge. Anticipated cost of purchases and beginning and ending inventory of direct materials:Plastic..$6.00 per Ib.$4.00 per Ib.Foam liningf. Direct labor requirements:Batting helmet:Molding Department.Assembly Department.Football helmet:0.20 hr. at $20 per hr.0.50 hr. at $14 per hr.Molding Department......Assembly Department.....0.50 hr. at $20 per hr.1.80 hrs. at $14 per hr.g. Estimated factory overhead costs for March:Indirect factory wages$86,000Power and light$4,000Depreciation of plant and equipment12,000Insurance and property tax2,300h. Estimated operating expenses for March:Sales salaries expense$184,300Advertising expenseOffice salaries expense87,20032,400Depreciation expense-office equipmentTelephone expense-sellingTelephone expense-administrativeTravel expense-sellingOffice supplies expense3,8005,8001,2009,0001,100Miscellaneous administrative expense1,000i. Estimated other income and expense for March:Interest revenue$940Interest expense872i. Estimated tax rate: 30%Instructions1. Prepare a sales budget for March.2. Prepare a production budget for March.3. Prepare a direct materials purchases budget for March.4. Prepare a direct labor cost budget for March.5. Prepare a factory overhead cost budget for March.6 Prepare a cost of goods sold budget for March. Work in process at the beginning ofMarch is estimated to be $15,300, and work in process at the end of March is desiredto be $14,800.7. Prepare a selling and administrative expenses budget for March.8. Prepare a budgeted income statement for March.

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PR 22-3B Budgeted income statement and supporting budgets OBJ. 4 The budget director of Gold Medal Athletic Co., with the assistance of the controller, treasurer, production manager, and sales manager, has gathered the following data for use in developing the budgeted income statement for March: a. Estimated sales for March: 1,200 units at $40 per unit Batting helmet. Football helmet.. 6,500 units at $160 per unit (Continued) b. Estimated inventories at March 1: Direct materials: Plastic Foam lining.... Finished products Batting helmet... Football helmet... 40 units at $25 per unit 240 units at S77 per unit 90 lb. 80 lb S. Desired inventories at March 315 Direct materials: Finished products: Batting helmet... . Football helmet... 50 units at $25 per unit 220 units at $78 per unit Plastic.. Foam lining.. . 50 lb. 65 lb. d. Direct materials used in production: In manufacture of batting helmet: 1.20 lb. per unit of product 0.50 lb. per unit of product Plastic. Foam lining. In manufacture of football helmet: 3.50 lb. per unit of product 1.50 Ib. per unit of product Plastic..... Foam lining e. Anticipated cost of purchases and beginning and ending inventory of direct materials: $6.00 per Ib. $4.00 per Ib. Plastic.. Foam lining f. Direct labor requirements: Batting helmet: Molding Department. 0.20 hr. at $20 per hr. 0.50 hr, at $14 per hr. Assembly Department. Football helmet: Molding Department........ 0.50 hr. at $20 per hr. 1.80 hrs. at $14 per hr. Assembly Department... g. Estimated factory overhead costs for March: Indirect factory wages $86,000 Power and light $4,000 Depreciation of plant and equipment 12,000 Insurance and property tax 2,300 h. Estimated operating expenses for March: Sales salaries expense $184,300 Advertising expense Office salaries expense 87,200 32,400 Depreciation expense-office equipment Telephone expense-selling Telephone expense-administrative Travel expense-selling Office supplies expense 3,800 5,800 1,200 9,000 1,100 Miscellaneous administrative expense 1,000 i. Estimated other income and expense for March: Interest revenue $940 Interest expense 872 j. Estimated tax rate: 30% Instructions 1. Prepare a sales budget for March. 2. Prepare a production budget for March. 3. Prepare a direct materials purchases budget for March. 4. Prepare a direct labor cost budget for March. 5. Prepare a factory overhead cost budget for March. 6 Prepare a cost of goods sold budget for March. Work in process at the beginning of March is estimated to be $15,300, and work in process at the end of March is desired to be $14,800. 7. Prepare a selling and administrative expenses budget for March. 8. Prepare a budgeted income statement for March.