1. Sprincle Corp produce plastic garden sprinklers. The company preparing its budget. First step is to plan the monthly sales and cash receipt in coming August 2021 Moth Sales Unit Price per unit January - 2020 1125 $12 February - 2020 1025 $12 March - 2020 1130 $12 April - 2020 1125 $12 May - 2020 1160 $15 June - 2020 1250 $15 July - 2020 1375 $15 August 2020 - July Forcast monthly sales Agust 21 2020 -July 2021 Sprinkler likes to keep 10% of next month's unit sales in ending inventory. All sales are on credit. 85% of the accounts receivable are collected in the month of sale and 15% of the next month. Cash payment are discounted 2,5% 1. Prepare Selling budget and cash receipt : in units and revenue. Use at least 2 method estimation 2. Assumed ending inventory is 15% of last month sales, and January beginning inventory is 250 unit. Prepare production budget, based on your sales budget data in question problem number 1. 3. IF fixed Cost $750 per month, variable cost = $5 per unit produce; variable factory overhead $ 1.5 per unit; labor cost per unit $1.0. Prepare monthly cost estimation budget 4. How much gross profit every month in 2020. Gross profit = sales revenue - prodiction total cost