2 Milo Company manufactures beach umbrellas The company is preparing detailed budgets for the third quarter and has assembled the following information to assist in the budget preparation a. The Marketing Department has estimated sales as follows for the remainder of the year (in units); 3 pom July 31.000 October 21,000 Agent 72,000 November 7,500 September 41,000 December 0.000 The selling price of the beach umbrellas is $11 per unit. pool b. All sales are on account. Based on past experience, sales are collected in the following pattern A 30 in the month of sale 654 in the month following sale 51 uncollectible Print Sales for June totaled $231.000. References c. The company maintains finished goods inventories equal to 15% of the following month's sales. This requirement will be met at the end of June d. Each beach umbrella requires 4 feet of Gilden, a material that is sometimes hard to acquire. Therefore, the company requires that the ending inventory of Gilden be equal to 50% of the following month's production needs. The inventory of Gilden on hand at the beginning and end of the quarter will be June 30 September 30 74,300 teet 7 feet e. Gilden costs $0.60 per foot One-half of a month's purchases of Gilden is paid for in the month of purchase the remainder is paid for in the following month. The accounts payable on July 1 for purchases of Gilden during June will be $35790 Required: 1 Calculate the estimated sales, by month and in total, for the third quarter, 2 June 30 September 30 74,300 feet ? feet e. Gilden costs $0.60 per foot. One-half of a month's purchases of Gilden is paid for in the month of purchase the remainder is paid for in the following month. The accounts payable on July 1 for purchases of Gilden during June will be $35,790. aints ook Required: 1. Calculate the estimated sales, by month and in total, for the third quarter. 2. Calculate the expected cash collections, by month and in total, for the third quarter. 3. Calculate the estimated quantity of beach umbrellas that need to be produced in July, August, September and October, 4. Calculate the quantity of Gilden (in feet) that needs to be purchased by month and in total for the third quarter 5. Calculate the cost of the raw material (Gilden) purchases by month and in total, for the third quarter. 6. Calculate the expected cash disbursements for raw material (Gilden) purchases, by month and in total, for the third quarter. Ask Complete this question by entering your answers in the tabs below. Print Reg 1 Reg 2 Req3 Reg 4 and 5 Reg 6 ferences Calculate the expected cash disbursements for raw material (Gilden) purchases, by month and in total, for the third quarter. July August September Total cash disbursements Quarter MC Graw M Required: 1. Calculate the estimated sales, by month and in total, for the third quarter 2. Calculate the expected cash collections, by month and in total, for the third quarter 3. Calculate the estimated quantity of beach umbrellas that need to be produced in July August September, and October 4. Calculate the quantity of Gilden in feet) that needs to be purchased by month and in total, for the third quarter. 5 Calculate the cost of the raw material (Giden purchases by month and in total, for the third quarter 6. Calculate the expected cash disbursements for raw material (Gilden purchases, by month and in total for the third quarter AL Complete this question by entering your answers in the tabs below. Pant o Herences Req1 Req2 Rega Req 4 and 5 Reg 6 Calculate the estimated quantity of beach umbrellas that need to be produced in July August, September and October July August September October Mequired production in uns . Required: 1. Calculate the estimated sales, by month and in total, for the third quarter 2. Calculate the expected cash collections, by month and in total, for the third quarter 3. Calculate the estimated quantity of beach umbrellas that need to be produced in July, August September, and October 4. Calculate the quantity of Gilden in feets that needs to be purchased by month and in total, for the third quarter 5. Calculate the cost of the raw material (Gildenl purchases by month and in total, for the third quarter 6. Calculate the expected cash disbursements for raw material (Gilden purchases, by month and in total, for the third quarter Complete this question by entering your answers in the tabs below. Reg 1 Reg2 Reg Reg 4 and 5 Req6 References Calculate the expected cash collections, by month and in total, for the third quarter, July August September Quarter Total cash collections MC Hell Graw posts Required: 1 Calculate the estimated sales by month and in total, for the third quarter 2. Calculate the expected cash collections, by month and total, for the third quarter 3. Calculate the estimated quantity of beach umbrellas that need to be produced in y, August September and October 4. Calculate the quantity of Gilden in feet) that needs to be purchased by month and in total, for the third quarter 5. Calculate the cost of the raw material (Gilden purchases by month and in total, for the third quarter 6. Calculate the expected cash disbursements for raw material (Gilden purchases, by month and in total, for the third quarter A Complete this question by entering your answers in the tabs below. alat Reg 2 Ree Res 4 and 5 Rea6 Calculate the estimated sales, by month and in total, for the third quarter July August September Quarter Budgeted sales Req2 MC Graw Hall