3 accounting questions need help ASAP!
Anderson Manufacturing produces self-watering planters for use in upscale retail establishments. Sales projections for the first five months of the upcoming year show the estimated unit sales of the planters each month to be as follows: (Click the icon to view additional information.) Inventory at the start of the year was 900 planters. The desired inventory of planters at the end of each month should be equal to 25% of the following month's budgeted sales. Each planter requires twopounds of polypropylene (a type of plastic). The company wants to have 108S the polypropylene required for next month's production on hand at the end of each month. The polypropylene costs $0.20 per pound. Read the requirements. Requirement 1. Prepare a production budget for each month in the first quarter of the year, including production in units for each month and for the quarter. Data table The Monachino Company is preparing ts cash payments budget. The following lams relate to cash payments the company anticipates making during the second quarter of the upooming your (1) Flick the ison ta vitw the cash payment information.) Requirement More info a. The company pays for 50% of as drvet melenals pucthases in the mona of purchate and ane remainder the folowing morth. The compary/s dinect material purthases for llanch througs ture are anticipuled to be as foliows: b. Direct laber is paid in the month in which 2 is incumed. Dered taber fer each month ef the second guarter is tudgeted as lolows: c. Manulacturing overthead is estimaind io be 160 b drect labor coet each mone. This monely estimate includes $33.000 ol deprecivition on the piant ind equipmere. Al mandacturing ovethend (oxctuding deprecistion) is paid in the month in which it is incumed: d. Monthly operating expenses for March thiough June are projected lo be as follows: Monahly operating expetses ave paid in the month ather they are incurned. Monaly eperating \$2, Yobfer bad dett expense. e. The compary plans to pay sa.000(cash) for a neer server in May. t. The company must make an estimated tax payment of 512.0060n June 15 . LaChut Corporation has found that 70% of its sales in any given month are credit sales, while the remainder are cash sales. Of the credit sales, LaChut Corporation has experienced the following collection pattern: 25% received in the month of the sale 50% received in the month after the sale 18% received two months after the sale 7% of the credit sales are never received November sales for last year were $100,000, while December sales were $120,000. Projected sales for the next three months are as follows: \begin{tabular}{|c|c|c|} \hline January sales & s & 170,000 \\ \hline February sales & $ & 125,000 \\ \hline March sales & s & 190,000 \\ \hline \end{tabular} Requirement Prepare a cash collections budget for the first quarter, with a column for each month and for the quarter. (Round your answers to the nearest ..thale Anllar i LaChut Corporation Cash Collections Budget For the Months of January through March Cash sales Collections on credit sales: 25% Month of sale 50% Month after 18% Two months after Total cash collections January
