the focts for phis predlem are prieiented on the Facts tab of this workbook. Antructions - Your solutions should be clearly foseled an the Solutient tab of thls workitook: Far the Hrat euarter ef 2022, de the following. (a) Prepare a sales budget. Thisis simwar to mustration 223 in your fextboek. (b) Fiepare a production budget. Thig is wimelor to lllustration 22 is in your tectbock, (d) Preparea direct laboe budget, Yor calculationc, round to the nearest hour. This is similar fo milistrotion 22,1f is wow teafbook. (a) Frepare a budgeted inicemestatement. (Mound intermediate calculations to the near eit dollar. This is similar ta Maitratisa 22.15 in your teatbook (h) Prepare a cach buspet. This is similor to mustration 22.19 in pour tentbook. Wayne Corporation Master Budget Project 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 followi information has been gathered from their managers. Finished Goods Inventory Planning 16. The company likes to keep 15% of the next quarter's unit sales in finished goods ending inventory. The fots for this problem are presented on the facts fab of this morkbock. fewructions-Vow safuelens nhould be cieavily lobeled on the solvtions tob of this workbook for the fint quarter ef 202 , do the following. (b) Prepare alei budget. Thisis simular zo Mutration 22.3 in pour textiock: thif Prepare a productien boder. This is vimilor fo iliustrakion 22.5 in your fentbook. fc) Prepure a direct material tbudigh. (*ound to nearest doliar) This is silmilar to utugrorian 22−9 in your textbock. (d) Preparea direct labor budget. IFer calculationk round to the nearest hour. ) This is aimilar eo mustration 22 - f1 in your textdock Vou wiln need to prepare scheduler far eapected collecticeif from customers and expected payments ko vendorsfirst. See uluitratians 22.17 and 22−18 in your fereboek for guldance