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Computer Assignment The Manthei Corporation manufactures and sells three products, Superior, Excellent, and Good. In August 2021, Manthei's Budget Department gathered the following data in order to prepare budgets for 2021: 2021 Projected Sales Product Units Price Superior 52,000 S330 Excellent 25,000 $250 Good 28,000 $190 Espected Target Inventories Product January 1, 2021 December 31, 2021 Superior 18.000 17.000 Excellent 20,000 26,000 Good 18.000 23,000 The following direct materials are expected to be used in the three products Amount Used Per Unit Direct Material Unit Superior Excellent Good M pound 8 4 0 M pound 4 3 Projected data for 2021 with respect to direct materials are as follows: Direct Materials Expected Purchase Expected Inventories Target Inventories Price (January 1, 2021) (December 31, 2021) M S16 60.000 lb 55,000 lb M 59 87,000 lb 62.000 6 Projected direct manfacturing labor requirements and rates for 2021 are as follows: Product Hours Per Unit Rate Per Hour Superior 4 SIS Excellent 3 $14 Good 3 $11 Manufacturing dead is allocated at the rate of S13 per direct manufacturing labor-bour. Requiredi Based on the preceding projections and budget requirements for Superior, Excellent and Good prepare the following budgets for Thomas for 2021. Show breakups where appropriate. Combined for all the products to get the total for the commar when comorite 1. Revenues budget (in dollars) 2. Production budget (in units) 3. Direct materials purchases budget (in quantities) 4. Direct materials purchases budget (in dollars) 5. Direct manufacturing labor budget (in dollars) 6. Direct manufacturing overhead budget (in dollars) 7. For each product, calculate the standard/budgeted cost per unit for: DM, DL, MOH, and the Total Cost. 8. Budgeted finished goods inventory (in dollars). Do this by using the Total Budgeted Cost Per Unit 9. Cost of Goods Sold budget (in dollars). Use the Total Budgeted Cost Per Unit to calculate this budget. Note: Budgets are flexible and fluid and may change as managers have access to additional information. If the above budget is computed manually, and a budgeting change is made to a key number, the entire budget would have to be recomputed. This would be a redundant and time-consuming exercise. Instead, if a spreadsheet template that employs simple formulas is constructed, a budgeting change can be made in a matter of seconds and the answers will be recomputed automatically This computer assignment must be completed utilizing two sheets within an Excel file. The first sheet should contain the data catry section where you will enter the above data. The second she should be the bondeling template, which will ONLY contain formules that are linked to the data-entry section from the first sheet. I recommend you "test" your template upon completion, i.e change a key number in the data entry section and see if the numbers in the template recompute correctly

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