Prepare the following production budgets for July, August, and September for the Hale Company:
1. Production budget
2. Materials purchase budget
3. Direct labor budget
4. Overhead budget
For the quarter (quarter totals only), prepare the:
5. Cost of goods manufactured budget
Each budget on its own tab in Excel. Computations are in the cells and cells automatically update when you change the data so this is a template for other problems. Discussion comments coach you through this.