1. Prepare the sales budget, including a separate section that detalls the type of sales made (cash versus credit) for the first three months of the year, as well as a summary budget for the quarter. (Always use cell references and formulas where appropriate to receive full credit. If you copy/paste from the instructions tab or if you type the numbers in, you will be marked wrong.) 2. Prepare the production budget for the first three months of the year, as well as a summary budget for the quarter: (Always use cell references and formulas where appropriate to receive full credit, Use cell references from 18. requirement 1 and prior calculations, if applicable. If you copy/paste from the instructions tab or if you type the numbers in, you will be marked wrong). 31 3. Prepare the direct materials purchases budget for the first three months of the year, as well as a summary budget for the quarter. Assume the company needs 120,000 board feet of wood for production in April. (Always use cell references and formulas where appropriate to receive full credit. Use cell references from prior 32. requirements and calculstions, if applicable. If you copy/paste from the instructions tab or if you type the numbers in, you will be marked wrong) 33 3. 3 3 3 , . 49 4, Prepare the cash collections budget for January, February, and March, as well as a summary for the first quarter. (Aways use cell references and formulas where appropriate to teceive full credit Uie cell references from previous cakutabons and requirements, If applicable. If you copy/patte from the anstructions tab or if you type the numbers in, vou will be marked wrong? (Always use cell references and formulas where appropriate to receive full credit. Use cell references from previous calculations and requirements, if applicable. If you copy/paste from the Instructions tab or if you type the numbers in, you will be marked wrong.) 5. Prepare the cash payments budget for direct materials purchases for the months of January, February, and March, as well as a summary for the first quarter. (Always use cell references and formulas where appropriate to receive full credit. Use cell references from 65 previous calculations and requirements, if applicable. If you copy/paste from the Instructions tab or if you type the numbers in, you will be marked wrong.) **DAIA SHEET - DO NOT ENTER ANSWERS HERE** Comprehensive summary problem Birdfeeders Unimited makes backyard birdfeeders. The company sells the birdfeeders to home improvement stores. \begin{tabular}{l} \hline$15 Sales price per birdfeeder \\ 1.5 Board feet of wood required for each birdfeeder \\ $4 Cost per board foot (actual) \\ 10% Desired ending wood inventory stated as a percentage of next month's production requirements \\ 20% Desired ending finished goods inventory (finished birdfeeders) stated as a percentage of next month's sales \\ $550,000 Total cost of direct materials purchases in December \\ 45% of direct materials purchases are paid in the month of purchase \\ 55% of direct materials purchases are paid in the month after purchase \end{tabular} Sales data for the company can be found on the "SALESDATA" tab Use the blue shaded areas on the ENTERANSWERS tab for inputs. Always use cell references and formulas where appropriate to recelve full credit. If you copv/paste from the instructions tab or if you type the numbers in, you will be marked wrong. Requirements 1 Prepare the sales budget, including a separate section that details the trpe of sales made (cal vi versin credit) for the firat three months of the vear, as well as a summary budget for the quarter. 2. Prepare the production budget for the firt three mogths of the year, as well as a summary budget for the quarter. a. Enter all amounts as positive values. Do NOT use porentheses or a minus sign for amounts to be subtracted. 3. Prepare the direct materials purchases budget for the first three months of the year, as well as a suminary budget for the quarteri Assume the compary needs 120,000 board feet of wood for production in April. a. Enter all amounts as positive values. Do NOT use parentheses or a minus sign for amounts to be subtracted: b. Abbreviation used: OM= Direct materals 4 Prepare the cash collections budget for lanuary, February, and March, as well as sammary tonethn firt minetas. = INSTRUCTIONS SALESDATA
