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1 15 MARKS Milvine Company has projected sales and production in units for the second quarter of the coming year as follows: Production April 60,000

1 15 MARKS Milvine Company has projected sales and production in units for the second quarter of the coming year as follows: Production April 60,000 May 50,000 June 50,000 Cash-related production costs are budgeted at $5 per unit produced. Of these production costs, 40% are paid in the month in which they are incurred and the balance in the following month. Selling and administrative expenses will amount to $100,000 per month. The accounts payable balance on March 31 totals $190,000, which will be paid in April. Required: Prepare a schedule for each month showing budgeted cash disbursements for the Company. You must show all calculationsimage text in transcribed

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