Just need help with the first picture. The rest are to provide additional information:

1.

Posey's Pet Emporium Selling price 4.99 Less: Target gross margin percentage [Insert formula] Cost of goods sold [Insert formula] Less: DM cost per unit [Insert formula] Additional cost per unit to cover DL and MOH [Insert formula]AC: 311 Project Two Scenario YOU are the cost accountant at Poseys Pet Emporium tasked with preparing quarterly budgets that determine the cash effects of the corn pa nfs sales and productionrelated expenditures. The company uses a calendar year, and it is time to prepare the thirdquarter budget. You have the following information: 1. The budgeted selling price for the year is $4.99 per unit. Sales volumes are budgeted as follows for the last month of quarter two, for all of quarter three, and for part of quarter four. June July August September October 33,5 00 32,000 35,2 00 35,000 34,000 2. Historically, 20% of Posefs sales are cash sales. Cifthe remaining credit sales, 45% are collected in the month of sale, while 52% are collected the following month. The remainder is deemed uncollectible. 3. Management sets its ending nished goods inventonyr goal at 15% of the following month's sales volume. The accounting team expects this policy will be met at the beginning ofthe second quarter. 1. The target ending inventory for Posefs primary direct material is 20% of the following month's production needs. Each completed unit requires five pounds of direct materials at an expected cost of $0.25 per pound. The budgeted production for I0ctober is 34,000. 5. Posefs pays for 40% of its purchases in the month of purchase and 60% the month after purchase. Total budgeted purchases in June are $20,000. 0. Posefs ending cash balance on June 30 was $519150. 1 Posey's nonproduction cash disbursements are estimated at $80,000 per month. Posey's Pet Emporium Sales Forecast July August September Quarter Budgeted sales volume 32000 35200 35000 102200 x Budgeted selling price 4.99 4.99 4.99 4.99 Budgeted sales revenue 159680.00 175648.00 174650.00 509978.00 Cash Receipts July August September Quarter Budget Beginning A/R (June 86,925.80 collections) 86,925.80 July cash sales 31,936.00 31,936.00 July credit sales 71,856.00 83,033.60 154,889.60 August cash sales 35,129.60 35,129.60 August credit sales 79,041.60 91,336.96 170,378.56 usea lanmaidac calar 34,930.00 34,930.00 September credit sales 78,592.50 78,592.50 Total cash receipts 190717.80 197204.80 204859.46 592782.06Posey's Pet Emporium Production Budget July August September Quarter Budgeted sales volume 32,000 35,200 35,000 102,200 Add: Target ending FG 5,280 5,250 5,100 15,630 inventory Total units needed 37,280 40,450 40,100 117,830 Less: Beginning FG 4,800 5,280 5,250 15,330 inventory Budgeted units to be 32,480 35,170 34,850 102,500 produced DM Purchases Budget July August September Quarter Budgeted units to be 32,480 35,170 34,850 102,500 produced x Pounds of DM per unit 5 5 5 5 Total production needs 162,400 175,850 174,250 512,500 (pounds) Add:Target ending DM 35,170 34,850 34,000 104,020 inventory (pounds) Total DM inventory 197,570 210,700 208,250 616,520 needs (pounds) Less: Beginning DM 32,480 35,170 34,850 102,500 inventory (pounds) Budgeted pounds of 165,090 175,530 173,400 514,020 DM to be purchased x DM cost per pound S 0.25 $ 0.25 $ 0.25 $ 0.25 Total budgeted cost of S 41,272.50 $ 43,882.50 $ 43,350.00 $ 128,505.00 DM purchasesPosey's Pet Emporium DM Cash Disbursements July August September Quarter 12000.00 12000.00 July purchases 16509.00 24763.50 41272.50 August purchases 17553.00 26329.50 43882.50 September purchases 17340.00 17340.00 Total DM Cash Disbursements 28509.00 42316.50 43669.50 114495.00 Other Cash Disbursements 80000 80000 80000 240000 Total Cash Disbursements 108509.00 122316.50 123669.50 354495.00