Final Project The management of Zigby Manufacturing prepared the following estimated balance sheet for March, 2015:ZIGBY ManufacturingEstimated Balance SheetMarch 31, 2015            ASSETS                                                                                 LIABILITIES AND EQUITY Cash....................................................$  40,000                 ACCOUNTS PAYABLE....................$200,500Accounts Receivables...........................342,248          Short-Term notes payable ......................  $12,000Raw Materials...................................... 98,500          Total Current Liabilities ............................ $212,500Finished Goods Inventory....................325,540          Long-tern Notes payable..........................$500,000Total current Asset..............................806,288          Total Liabilities .......................................$712,500Equipment Gross.................................600,000            Common Stock.......................................$335,000Accumulated depreciation ................(150,000)          Retained Earnings.................................  206,788Equipment Net .................................450,000              Total Stockholders equity...................... 543,788Total Assets ...................................$1,256,288          Total liabilities and equity ....................$1,256,288To prepare a master budget for April, May, and June of 2015, management gathers the following information:Sales for March total 20,500 units. Forecasted sales in units are as follows: April, 20,500; May, 19,500; June, 20,000; and July, 20,500. Sales of 240,000 units are forecasted for the entire year. The product's selling price is $23.85 per unit and its total product cost is $19.85 per unit.Company policy calls for a given month's ending raw materials inventory to equal 50% of the next month's materials requirements. The March 31 raw materials inventory is 4,925 units, which complies with the policy. The expected June 30 ending raw materials inventory is 4,000 units. Raw materials cost $20 per unit. Each finished unit requires 0.50 units of raw materials.Company policy calls for a given month's ending finished goods inventory to equal 80% of the next month's expected unit sales. The March 31 finished goods inventory is 16,400 units, which complies with the policy.Each finished unit requires 0.50 hours of direct labor at a rate of $15 per hour.Overhead is allocated based on direct labor hours. The predetermined variable overhead rate is $2.70 per direct labor hour. Depreciation of $20,000 per month is treated as fixed factory overhead.Sales representatives' commissions are 8% of sales and are paid in the month of the sales. The sales manager's monthly salary is $3,000.Monthly general and administrative expenses include $12,000 administrative salaries and 0.9% monthly interest on the long-term note payable.The company expects 30% of sales to be for cash and the remaining 70% on credit. Receivables are collected in full in the month following the sale (none is collected in the month of the sale).All raw materials purchases are on credit, and no payables arise from any other transactions. One month's raw materials purchases are fully paid in the next month.The minimum ending cash balance for all months is $40,000. If necessary, the company borrows enough cash using a short-term note to reach the minimum. Short-term notes require an interest payment of 1% at each month-end (before any repayment). If the ending cash balance exceeds the minimum, the excess will be applied to repaying the short-term notes payable balance.Dividends of $10,000 are to be declared and paid in May.No cash payments for income taxes are to be made during the second calendar quarter. Income tax will be assessed at 35% in the quarter and paid in the third calendar quarter.Equipment purchases of $130,000 are budgeted for the last day of June.RequiredPrepare the following budgets and other financial information as required. All budgets and other financial information should be prepared for the second calendar quarter, except as otherwise noted below. Round calculations up to the nearest whole dollar, except for the amount of cash sales, which should be rounded down to the nearest whole dollar.  (Use the information in the chapter plus the Need-to-Know Comprehensive 1 example at the end of the chapter as a guide for requirements 1-10).Sales budget.Production budget.Raw materials budget.Direct labor budget.Factory overhead budget.Selling expense budget.General and administrative expense budget.Cash budget.Budgeted income statement for the entire second quarter (not for each month separately).Budgeted balance sheet as of the end of the second calendar quarter.Explain why each budget is prepared.  Why would management want to see each budget?Analyze your results.  Do the budgets look favorable?  Explain.  Check Figures(2) Units to produce: April, 19,700; May, 19,900(3) Cost of raw materials purchases, April, $198,000(5) Total overhead cost, May, $46,865(8) Ending cash balance: April, $83,346; May, $124,295(10) Budgeted total assets, June 30: $1,299,440Write a short summary for #11 and #12. 

I need help with my Operations management class, there is an assignment titled Process Selection Decisions and listed below are the prompts that need to be answered along with my the resources that are necessary to complete the assignment.Consider the following scenario:You are an interior designer who specializes in the restaurant industry. You are about to embark on two new projects. Although the restaurants are functional, you would recommend a complete overhaul of all areas for both restaurants. However, both restaurants have budgetary constraints and will only be able to afford to focus on two or three areas of improvement. The areas to consider are the exterior, entrance, waiting area, dining area, kitchen, restrooms, and bar. The first restaurant serves high-end food; its operating hours are from 11:00 a.m. until 2:00 a.m.; it’s located downtown in a city; and most customers are professionals who work downtown during the day and people in their 20s–30s who are out for drinks during the evening. The second restaurant serves inexpensive, homestyle meals; its operating hours are from 6:00 a.m. until 2:00 p.m.; it’s located in a mid-sized town; and most customers are couples and families who enjoy having a meal together.Which areas would you prioritize and recommend for the downtown restaurant? Which areas would you prioritize and recommend for the family-style restaurant? Explain your recommendations and provide support for your reasoning. (150 words, or 2 paragraphs) Identify the factors in the decision framework that an organization would use to determine if a product should be produced in-house or outsourced. (75–150 words, or 1–2 paragraphs) Describe how an organization can use the service process design matrix when it examines its service processes. (150–225 words, or 2–3 paragraphs) Consider the following process types. Describe at least one example of a product that each process type can produce. For each example you provide, show why there is a good alignment between the process type and product. (375 words, or 5 paragraphs)ProjectJob-shopBatchRepetitiveContinuous flowWhat are some aspects of an organization’s needs that should affect the design of a warehouse, as well as its operations? Provide at least three examples and explain the impact of each. (225 words, or 3 paragraphs)Explain the components of a process flow chart for completing a simple business process or job task. Specifically, you should place each step of the process in order and then describe what is involved for each step. You may also create a visual representation of this process flow chart to accompany your explanation, but that is not required. (75–150 words, or 1–2 paragraphs)Imagine you are the operations manager for a manufacturing plant. Using specific examples to support your response, illustrate how you would go about making capacity decisions, including what factors you would need to take into consideration. In your response, also be sure to describe how capacity, capacity utilization, and process design are interrelated. (150–225 words, or 2–3 paragraphs) Note: For each prompt, be sure to reference at least one scholarly source to support your answer. Use the Walden Undergraduate Paper Template, provided in this week’s Learning Resources, to complete this Assignment.chrome-extension://gphandlahdpffmccakmbngmbjnjiiahp/https://class.content.laureate.net/bd3e96fd23c5e6ba099ea7e723119e68.pdfchrome-extension://gphandlahdpffmccakmbngmbjnjiiahp/http://www.ijirset.com/upload/2015/march/27_Facility_NEW.pdfchrome-extension://gphandlahdpffmccakmbngmbjnjiiahp/https://class.content.laureate.net/796b1d303cb8277b09ff48a54719aa6f.pdfhttps://www.smartsheet.com/essential-guide-business-process-mappingchrome-extension://gphandlahdpffmccakmbngmbjnjiiahp/https://class.content.laureate.net/3ddad2cdea83214cfc0aa636cdd344e1.pdf