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2)Mindful Corp has following data to prepare the materials purchase budget Q1 Required Production in units 2,964.00 Q2 Required Production in units 2,584.00 Q3 Required

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2)Mindful Corp has following data to prepare the materials purchase budget Q1 Required Production in units 2,964.00 Q2 Required Production in units 2,584.00 Q3 Required Production in units 2,356.00 Q4 Required Production in units 2,774.00 1st Quarter Beg raw materials inventor 1185.60 kg 1st Quarter Beg Accounts Payable $5,631.600 Each unit materials weight 0.76kg Each kg costs: $1.52 Desired Inventory is 7.6% of next quarter purchase Desired ending inventory for 4th quarter 1193.20 kg 75% Current quarter purchase paid in current quarter 25% Current quarter purchase paid in next quarter Please prepare the materials purchase budget. 1) Maple Ridge Corp has the following sales data forecast for the coming year Q1 Budgeted sales in units 3,760.00 Q2 Budgeted sales in units 4,700.00 Q3 Budgeted sales in units 5,640.00 Q4 Budgeted sales in units 5,170.00 Selling price/ per unit $9.40 Sales collection in current quarter 65% Sales collection in next quarter 30% Uncollectible 5% Last year outstanding A/R $37,835.00 Last year ending inventory 940.00 desired ending inventory is 7.05% of next quarter budgeted sales in units desired ending inventory for the forth quarter is 1057.50 Please prepare the Sales and Production Budget

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