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 January - 2020 February - 2020 March 2020 April 2020 May2020 June 2020 July-2020 August 2020 July Forcast monthly sales Agust 2020 - July 2021 rice per unit mmmmmmu HI'I't'l'H UIU'INNN U)- H (II 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 5 1.5 per unit; labor cost per unit $1.0. Prepare monthly cost estimation budget 4. How much gross prot every month in 2020. Gross profit = sales revenue prodiction total cost