2022				2023
	Quarter 1	Quarter 2	Quarter 3	Quarter 4	Quarter 1	Quarter 2
Budgeted Sales, in units:
King	3,200	3,400	3,580	3,040	3,250	3,380
Prince	1,850	2,000	2,520	2,050	1,900	2,240

Data necessary to prepare budgets
Selling price per unit of King model	$1,150.00	per unit
Selling price per unit of Prince model	$680.00	per unit
Accounts receivable, December 31, 2021	?
Sales collected in the quarter sales are made	?
Sales collected in the quarter after sales are made	?
Desired ending finished goods inventory is	?	of the budgeted unit sales of the next quarter
Finished goods inventory, December 31, 2021: King model	?	units
Finished goods inventory, December 31, 2021: Prine model	?	units
Fabric required to produce one unit of King model	?	sq. yds.
Fabric required to produce one unit of Prince model	?	sq. yds.
Desired ending inventory of "Fabric" is	?	of the next quarter's production needs
Desired ending inventory of "Wood" is	?	of the next quarter's production needs
Actual results for 2022:
Actual output:
Prince Model	?	units
Actual variable manufacturing overhead cost	?
	Actual Quantity		Actual price
Actual "Fabric" cost	?	sq. yds.	?	sq. yds
Actual "Wood" cost	?	linear ft.	?	linear ft.
Actual direct labor cost	?	hours	?	per hour

Make assumptions other than the selling price and budgeted sales as they are given

Prepare the following:

• Sales budget
• A schedule of expected cash collections from sales
• Production budget
• Prepare direct materials budgets
• A schedule of expected cash disbursement for materials
• Direct labor budget
• Manufacturing overhead budget
• Ending finished goods inventory budget
• Selling and administrative budget
• Cash budget