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April May June July Sales (units) 690 770 720 810. Finished goods inventory on April 1 is 207 units. Prepare a production budget for the months of April, May, and June. April May June July Production (units) 604 645 637 617. Beginning raw materials inventory for April was 483 pounds. Assume direct materials cost $5 per pound. Prepare a direct materials budget for April, May, and June. Electro Company manufactures an innovative automobile transmission for electric cars. Management predicts that ending finished goods inventory for the first quarter will be 238,200 units. The following unit sales of the transmissions are expected during the rest of the year: second quarter, 397,000 units; third quarter, 286,000 units; and fourth quarter, 216,000 units. Prepare a production budget for both the second and third quarters that shows the number of transmissions to manufacture. MCO Leather manufactures leather purses. Each purse requires 2 pounds of direct materials at a cost of $3 per pound and 0. Variable manufacturing overhead is charged at a rate of $2 per direct labor hour. Fixed manufacturing overhead is $16,000 per month. At the end of August the company had 2,980 pounds of direct materials in inventory. Production Budget September October November Units to be produced 4,600 6,800 6,200. Cash Receipts Cash payments January $ 520,000 $ 462,400 February 408,000 350,400 March 473,000 523,000. According to a credit agreement with its bank, Kayak requires a minimum cash balance of $30,000 at each month-end. The interest is computed based on the beginning balance of the loan for the month. The company repays loan principal with any cash in excess of $30,000 on the last day of each month. The company has a cash balance of $30,000 and a loan balance of $60,000 at January 1. Prepare monthly cash budgets for January, February, and March. Jasper Company has sales on account and for cash. Credit sales are collected in full in the month following the sale. The company forecasts sales of $523,000 for April, $533,000 for May, and $558,000 for June, essay writer education. The beginning balance of Accounts Receivable is $301,800 on April 1. Prepare a schedule of budgeted cash receipts for April, May, and June. Any excess cash is used to repay loans at month-end. The cash balance on July 1 is $8,700, and the company has no outstanding loans.
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