1)Loweland Corp has the following sales data forecast for the coming year

Q1 Budgeted sales in units 4,160.00

Q2 Budgeted sales in units 5,200.00

Q3 Budgeted sales in units 6,240.00

Q4 Budgeted sales in units 5,720.00

Selling price/ per unit $10.40

Sales collection in current quarter 65%

Sales collection in next quarter 30%

Uncollectible 5%

Last year outstanding A/R $41,860.00

Last year ending inventory 1040.00

desired ending inventory is 7.80% of next quarter budgeted sales

desired ending inventory for the forth quarter is 1170.00

Please prepare the Sales and Production Budget.

2) Mindful Corp has following data to prepare the materials purchase budget

Q1 Required Production in units 5,304.00

Q2 Required Production in units 4,624.00

Q3 Required Production in units 4,216.00

Q4 Required Production in units 4,964.00

1st Quarter Beg raw materials inventory 2121.60 kg

1st Quarter Beg Accounts Payable $10,077.60

Each unit materials weight 1.36kg

Each kg costs $2.72

Desired Inventory is 13.6% of next quarter purchase

Desired ending inventory for 4th quarter in 2135.20

80% Current quarter purchase paid in current quarter

20% Current quarter purchase paid in next quarter

Please prepare the materials purchase budget.