Need Help Please?You are the manager of a retail store and want to investigate how various metrics can improve the way you manage your business.Use the Week 5 Data Set to create and calculate the following in Microsoft® Excel®:Conduct a goodness of fit analysis which assesses orders of a specific item by size and items you received by size.Conduct a hypothesis test with the objective of determining if there is a difference between what you ordered and what you received at the .05 level of significance. Identify the null and alternative hypotheses.Generate a scatter plot, the correlation coefficient, and the linear equation that evaluates whether a relationship exists between the number of times a customer visited the store in the past 6 months and the total amount of money the customer spent.Set up a hypothesis test to evaluate the strength of the relationship between the two variables.Use a level of significance of .05.Use the regression line formula to forecast how much a customer might spend on merchandise if they visited the store 13 times in a 6-month period.Use the average monthly sales of 2014 ($1,310) as your basis to:Calculate indices for each month for the next two years. Graph a time series plot. In the Data Analysis Toolpak, use Excel's Exponential Smoothing option in order to:Apply a damping factor of 0.5 to your monthly sales data.Create a new time series graph that compares the original and revised monthly sales data.

DATA: The East Division of Kensic Company manufactures a vital component that is used in one of Kensic’s major product lines. The East Division has been experiencing some difficulty in coordinating activities between its various departments, which has resulted in some shortages of the component at critical times. To overcome the shortages, the manager of East Division has decided to initiate a monthly budgeting system that is integrated between departments.The first budget is to be for the second quarter of the current year (April, May and June). To assist in developing the budget figures, the divisional controller has accumulated the following information.Sales: Sales through the first three months of the current year were 30,000 units. Actual sales in units for January, February, and March, and planned sales in units over the next five months, are given below:January (actual) 6,000February (actual) 10,000March (actual) 14,000April (planned) 20,000May (planned) 34,000June (planned) 51,000July (planned) 45,000August (planned) 30,000In total, the East Division expects to produce and sell 250,000 units during the current year.Direct Material: Two different materials are used in production of the component. Data regarding these materials are given below:MATERIAL 208:Materials per Finished Component: 4 poundsCost per lb: $5.00Inventory at March 31: 46,000 poundsMATERIAL 311:Materials per Finished Component: 9 feetCost per foot: $2.00Inventory at March 31: 69,000 feetMaterial No. 208 is sometimes in short supply. Therefore, the East Division requires that enough of the material be on hand at the end of each month to provide for 50% of the following month’s production needs. Material No. 311 is easier to get, so only one-third of the following month’s production needs must be on hand at the end of each month.Direct Labor: The East Division has three departments through which the components must past before they are completed. Information relating to direct labor in these departments is given below:SHAPING DEPARTMENT:Direct Labor-Hours per Finished Component: .25Cost per Direct Labor hour: $18.00ASSEMBLY DEPARTMENT:Direct Labor-Hours per Finished Component: .70Cost per Direct Labor hour: $16.00FINISHING DEPARMENT:Direct Labor-Hours per Finished Component: .10Cost per Direct Labor Hour: $20.00Direct labor is adjusted to the workload each month.Manufacturing Overhead: East Division manufactured 32,000 components during the first three months of the current year. The actual variable overhead costs incurred during this three-month period are shown below. Each Division’s controller believes that the variable overhead costs incurred during the last nine months of the year will be at the same rate per component as experienced during the first three months.Utilities $ 57,000Indirect Labor $31,000Supplies $16,000Other $8,000Total variable overhead $112,000The East Division has planned/estimated fixed manufacturing overhead costs for the entire year as follows:Supervision $ 872,000Property Taxes $143,000Depreciation $2,910,000Insurance $631,000Other $72,000Total fixed manufacturing Overhead $4,628,000Finished Goods Inventory: The desired monthly ending inventory of completed components is 20% of the next month’s estimated sales. The East Division has 4,000 units in the finished goods inventory on March 31.Selling and Administrative Expenses: Selling and Administrative Expenses are budgeted at $400,000 per month plus 1% of total credit sales for the month.REQUIRED:3. Prepare a schedule of cash payments for direct materials for the second quarter. Assume that all direct materials are purchased on account and the East Division pays for ½ of the amount purchased in the month of purchase and the other ½ in the month following the purchase. The balance in the Accounts Payable account at 3/31 was $351,200.6. Compute a new “selling price per unit” for the East Division that will enable them to accumulate a balance of $100,000 in their cash account by the end of the second quarter. Assume that the cash balance at March 31 was $10,000.7. Using the selling price per unit computed in #6 prepare a sales budget for the second quarter. Show computations by month and in total for the quarter.8. Prepare a schedule of expected cash collections for the second quarter using the selling price per unit calculated in question #6. Assume that the East Division collects on its credit sales as follows; 70% in the month of sale, 20% in the month following the credit sale, 10% in the second month following the credit sale. To compute the balance in Accounts Receivable at 3/31 assume that the selling price per unit prior to 3/31 was $75.00.9. Prepare a cash budget for the second quarter in month and in total for the East Division. (This is what haven't been done! The rest were all done. I just need you to check on them again if they're correct!)