+ 21% 0 15:41 Teks di Bahasa Inggris (Amerika Serikat) belum... Pg. 1 Question 2 The marketing department of Vorco Corporation has submitted the following sales forecast for the upcoming fiscal year (all sales are on account): 1st Quarter 11,000 2nd Quarter 12,000 3rd Quarter 14,000 4th Quarter 13,000 Budgeted unit sales The selling price of the company's product is $18 per unit. Management expects to collect 65% of sales in the quarter in which the sales are made, 30% in the following quarter and 5% of sales are expected to be uncollectible. The beginning balance of account receivable, all which is expected to be collected in the first quarter is $70,200. The company expects to start the first quarter with 1,650 units in finished goods inventory. Management desires an ending finished goods inventory in each quarter equal to 15% of the next quarter's budgeted sales. The desired ending finished goods inventory for the forth quarter is 1,850 units. Instructions: 1. Prepare the company's sales budget and schedule of expected cash collections! 2. Prepare the company's production budget for the upcoming fiscal year