1 2 3 4 INPUT SECTION 5 SALES 6 7 8 9 10 11 12 13 14 RECEIVABLES 15 16 17 18 Budgeted Sales in units 27 28 Budgeted Selling Price Receivables Collection Schedule go on 19 20 21 INVENTORY COSTS 22 Direct Labor 23 24 25 26 Raw Materials Variable Overhead Policy 162 4th Quarter 2023 $ $ $ $ Wheels & Widgets Inc. Budget Project Fall 2023 41,000 1st Quarter 2024 48,600 100.00% 2nd Quarter 80.50% quarter of sale 17.00% quarter following sale 2.50% uncollectible 530 per production unit (Finished Goods) 4.5 hours 16.00 per direct labor hour 2024 34,500 85.00 per pound 3 pounds per finished goods unit 3rd Quarter 11.50 per Direct Labor Hour 2024 Entire projected uncollectible receivables are written off each quarter 31,000 4th Quarter 2024 43,000

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