3 Tilson Corporation has projected sales and production in units for the second quarter of the coming year as follows: April June Sales 44,000 11,800 11,000 Production 54,00 11,000 11,00 oints Cash-related production costs are budgeted at $8 per unit produced of these production costs, 30% are paid in the month in which they are incurred and the balance in the following month. Selling and administrative expenses will amount to $80,000 per month. The accounts payable balance on March 31 totals $173,000, which will be paid in April All units are sold on account for $20 each. Cash collections from sales are budgeted at 60% in the month of sale, 25% in the month following the month of sale, and the remaining 15% in the second month following the month of sale Accounts receivable on April 1 totaled $422.000 ($92,000 from February's sales and $330,000 from March's sales) Required: a Prepare a schedule for each month showing budgeted cash disbursements for Tilson Corporation b. Prepare a schedule for each month showing budgeted cash receipts for Tilson Corporation Complete this question by entering your answers in the tabs below. Required A Required B Prepare a schedule for each month showing budgeted cash disbursements for Tilson Corporation: April June May Production cost PS 0 PE X1NB w 3 a. Prepare a schedule for each month showing budgeted cash disbursements for Tilson Corporation b. Prepare a schedule for each month showing budgeted cash receipts for Tilson Corporation Complete this question by entering your answers in the tabs below. 10 points Required A Required B Prepare a schedule for each month showing budgeted cash disbursements for Tilson Corporation April May June Production cost Cash disbursement Production costs this month (30%) Production costs prior month (70.0%) Selling and administrative Total disbursements Required B > ME Graw 0 N e