Excel Case Master Budget for: Wayne Corporation Enter your name: Enter your WSU Access ID: The facts for this problem are presented on the Facts tab of this workbook. Instructions - Your solutions should be clearly labeled on the Solutions tab of this workbook. For the first quarter of 2022, do the following. (a) Prepare a sales budget. This is similar to Illustration 22-3 in your textbook (b) Prepare a production budget. This is similar to Illustration 22-5 in your textbook (c) Prepare a direct materials budget. (Round to nearest dollar) This is similar to Illustration 22-9 in your textbook. (d) Prepare a direct labor budget. (For calculations, round to the nearest hour.) This is similar to Illustration 22-11 in your textbook (e) Prepare a manufacturing overhead budget. (Round intermediate amounts to the nearest dollar.) This is similar to Illustration 22-12 in your textbook (f) Prepare a selling and administrative budget. This is similar to Illustration 22-11 in your textbook. (g) Prepare a budgeted income statement. (Round intermediate calculations to the nearest dollar.) This is similar to Illustration 22-15 in your textbook (h) Prepare a cash budget. This is similar to Illustration 22-19 in your textbook. You will need to prepare schedules for expected collections from customers and expected payments to vendors first. See Illustrations 22-17 and 22-18 in your textbook for guidance. You will also need to prepare schedules to support your calculation of amounts borrowed, interest expense, and loan repayments. These should be well labeled and formatted so that I may follow you Rules: Points are lost for not following these rules. Use Excel's functionality to your benefit. Use formulas. Use proper formats for schedules, following the referenced textbook examples (including titles). Use correct number formats (5, %, general) and underscoring where appropriate. Double-check your work! Verify your formulas and logic! Grading Guidelines: Effective Use of Excel Facts, Logic Completeness Spelling, Punctuation, Cell Value Format, Statement Format Percent Points 50% 37.5 10% 7.5 25% 18.75 15% 11.25 Caution: Students found to have copied work from or shared work with a peer will receive a zero for this assignment and be referred to the Dean of Students for Academic Discipline. Wayne Corporation Master Project The comparing a budget for the coming yew. 2822. The fine plan for the fa information has be thered their ma Sales Informati Pred 32 December 3021 March 3122 P Enter your User ID in the field on the Instructions tab Goodstyling The company to keep 1% of the next quenter's bed geding entry Accounts Receivable & Collect Seles on Acco Collection Activ Materials Inventory Cats & Direct Mar Ad Cal The company to keep 12% of the material needed for the ment month's production in now materials ending momes Accounts Payable & Disbur P P Mo Motherh B12/31/21 Mfacturing Over C Indirect ma U Property xx 100% 120,000 025 2 42006 16.300 1300 Variable costs per d M 15,000 14.000 72.000 Oberfadcom 1,000 Accrued on My Net Income A043121d2022 Cash and Financing Mat 200 Line of Cre Al Find A Pach 3,000 1300000 1000