3 1 Question: 2 For the first quarter of the following year Hindi Company has projected sales and production in units as follows: Jan Feb Mar 4 Sales 59,000 49,000 58,000 Production 56,000 46.000 57.000 6 7 Cash-related production costs are budgeted at $10 per unit produced. Of these production costs, 35% are paid in the month in 8 which they are incurred and the balance in the next month. $89,000 per month will account for Selling and administrative expenses. Paid other A/P at 164,000 in Feb.All units are sold on account for $15 each. Cash collections from sales are budgeted 10 at 55% in the month of sale, 25% in the month following the month of sale, and the remaining 20% in the second month 11 following the month of sale. On January 1 accounts receivable totaled $500,000 ($90,000 from November's sales and the 12 remaining from December). 13 Required Prepare a schedule for each month showing budgeted cash disbursements for Hindi Company 14 1 15