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Additional data about the company include the following. The company requires that 25% of the next month's sales be on hand at the end of
Additional data about the company include the following. The company requires that 25% of the next month's sales be on hand at the end of each month. The company's policy is to begin each month with an inventory of direct materials equal to 30% of that month's direct material requirements. Each unit requires 3 pounds of sand. Each unit requires 0.8 hours of direct labor, and the hourly cost of direct labor is $18. The company does not pay overtime. All sales are on account. The company makes collections on sales according to the following schedule: 30% in month of sale 60% in month following sale 10% in second month following sale A. Required. Prepare the budget report of cash collections for June. B. Required. Prepare the production budget report for June. C. Required. Prepare the direct materials budget report for June. D. Required. Prepare the direct labor budget report for June
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