PA$8-6($Algo$)$ Preparing Operating Budgets for a Merchandising Firm $[$LO $8-5]$

Red Conyon T$-$shirt Company operates a choin of T$-$shirt shops in the southwestern United States. The sales manager has provided a soles forecost for the coming year, olong with the following information:

$\backslash$table$[[$Budgeted unit sales,Quarter $1,$Quarter $2,$Quarter $3,$quarter $4],[48,000,78,000,39,000,78,000,]]$

Eoch T$-$shirt is expected to sell for $$24.$

The purchasing manager buys the T$-$shirts for $$10$ each.

The compony needs to hove enough T$-$shirts on hand at the end of each quarter to fill $34$ percent of the next quarter's soles demond.

Selling and administrative expenses are budgeted at $$98,000$ per quorter plus $14$ percent of total sales revenue.

Required:

Determine budgeted soles revenue for each quarter.

$2$ Determine budgeted cost of merchondise purchased for each quorter.

$3.$ Determine budgeted cost of good sold for each quarter.

$4.$ Determine selling and administrative expense for each quarter.

$5.$ Complete the budgeted income statement for each quarter.

Complebe this question by enbering your answers in the ta bs below.

Required $1$

Required $2$

Required $3$

Required $4$

Required $5$

Determine budgeted cost of merchandise purchased for each quarter.

$\backslash$table$[[,$Quartar $1,$Quarter $2,*$uarter $3],[$Budgeled Cost of Merchandise Purchased,,,$]]$

I need help with the required $2,3,4,5$ questions which are listed under the bolded required: