53 5. Prepare the cash payments budget for direct materials purchases for the months of January, February, and March, as 54 well as a summary for the first quarter. (Always use cell references and formulas where appropriate to receive full credit. Use cell references from previous 55 calculations and requirements, if applicable. If you copy/paste from the Instruction tab you will be marked wrong.) 56 37 Birdfeeders Unlimited 58 Cash Payments for Direct Materials Purchases 59 For the Quarter Ended March 31 70 Month 71 January February March 1st Quarter 72 Total cost of DM purchases 73 Cash payments for current month purchases 74 Cash payments for prior month purchases 75 Total cash payments 76 77 78 79 30 A14 The companys collection B D E F G 1 *DATA SHEET -- DO NOT ENTER ANSWERS HERE** 2 3 Units 4 October actual sales (prior year) 92,000 5 November actual sales (prior year) 85,000 6 December actual sales (prior year) 78,000 7 January projected sales 80,000 8 February projected sales 90,000 9 March projected sales 95,000 10 April projected sales 105,000 11 12 20% of the total sales are cash sales 13 14 The corupany's collection history indicates that: 15 80% of credit sales is collected in the month after the sale 16 10% is collected two months after the sale 6% is collected three months after the sale 18 4% is never collected 19 20 INSTRUCTIONS SALESDATA ENTERANSWERS 80% of the total sales are credit sales 17 TU NO 525 Lopez, baos 39.60 start Formula View Wh General D B M N 0 000 xideeders United makes backyard birdfeeders. The company was the bidders to home improvements D E F G H 1 2 Comprehensive summary problem 3 Birdfeeders Unlimited makes backyard birdfeeders. The company sells the birdfeeders to home 4 Improvement stores. 5 $15 Sales price per birdfeeder 6 1.5 Board feet of wood required for each birdfeeder 7 $4 Cost per board foot (actual) 8 10% Desired ending wood inventory stated as a percentage of next month's production requirements 9 20% Desired ending finished goods inventory (finished birdfeeders) stated as a percentage of next month's sales 10 $550,000 Total cost of irect materials purchases in December 45% of direct materials purchases are paid in the month of purchase 13 55% of direct materials purchases are paid in the month after purchase 14 15 Sales data for the company can be found on the "SALESDATA" tab. 16 17 Use the blue shaded areas on the ENTERANSWERS tab for inputs. Always use cell references and formulas where appropriate to receive full credit. If you copy/paste from the 18 instruction tab you will be marked wrong. SALICATA ENTRAS 11 12 TRUCTIONS O on D A WTP