****ONLY NEED MANUFACTURING OVERHEAD BUDGET AND EVERYTHING BELOW IT PLEASE. EVERYTHING ABOVE THE MANUFACTURING OVERHEAD BUDGET HAS ALREADY BEEN ANSWERED****

The company is preparing its budget for the coming year, 2022. The first step is to plan for the first quarter of that coming year. The following information has been gathered from their managers.
November 2021	103,000 Actual
December 2021	92,000 Actual
January 2022	101,000 Planned
February 2022	102,000 Planned
March 2022	104,000 Planned
April 2022	113,000 Planned
May 2022	124,000 Planned
Unit selling price	$18.22
Finished Goods Inventory Planning
The company likes to keep 15% of the next quarters unit sales in finished goods ending inventory.
Accounts Receivable and Collections
Sales on Account 100% Collections Activity Month of Sale 80% Month after Sale 20% Balance at 12/31/21 $185,000
Materials Inventory Costs & Planning
Direct Materials	Amount Used per Unit
Ingredient	2 Ib
The company likes to keep 12% of the material needed for the next month's production in raw materials ending inventory.
Accounts Payable & Disbursements
Purchases on Account	100%
Payment Activity
Month of Purchase	40%
Month after Purchase	60%
Balance at 12/31/21	$120,000
Direct Labor & Costs
Time per Unit Production	20 minutes
Pay Rate/Hour	$20.00
Manufacturing Overhead Costs
Variable costs per direct labor hour
Indirect materials	$0.25
Indirect labor	0.40
Utilities	0.45
Maintenance	0.25
Fixed costs per month
Salaries	$42,000
Depreciation	16,800
Property taxes	2,675
Insurance	1,200
Janitorial	1,300
Selling and Administrative Costs
Variable costs per unit sold	$1.30
Fixed costs per month
Advertising	$15,000
Insurance	$14,000
Salaries	$72,000
Depreciation	25,000
Other fixed costs	3,000
Income Taxes
Accrued on Monthly Net Income	40% rounded to the nearest dollar
Amounts Accrued Q4 2021 paid January 2022	$200,000
Cash and Financing Matters
Cash Balance, 12/31/2021	$120,000
2022 Minimum Balance Required	770,000
Monthly Dividends	$2.00 per share
Outstanding Shares	5,000
Line of Credit
Limit	$1,200,000
Borrowing Increment Required	$1,000
Annual Interest Rate	7%
Borrowings occur on the	First of Month
Repayments occur on the	Last of Month
Interest accrues on the loan balance from the date of borrowing. Interest accrued is paid first with each repayment.
Additional Item
Fixed Asset Purchase	$405,000
Month	February

Would appreciate a breakdown of these sections on excel, Thank You!

WATERWAYS CORPORATION Manufacturing Overhead Budget First Quarter January C February March Quarter WATERWAYS CORPORATION Selling and Administrative Expense Budget First Quarter January February March Quarter Schedule of Expected Collections from Customers January February March Quarter Accounts receivable, 12/31/19 January sales February sales March sales Total cash collections March sales Total cash collections LINK TO TEXT LINK TO TEXT LINK TO TEXT For the first quarter of 2020, prepare a schedule for expected payments for materials purchases. (Round answers to 0 decimal places, e.g. 2,5. Schedule of Expected Cash Payments for Purchases January February March Quarter Accounts payable, 12/31/19 January February March Total payments WATERWAYS CORPORATION Cash Budget First Quarter January 3 > February March Quarter 1000 2333