Additional information you will need for Sales Budget:

Pick your Company Name and the product you will sell. Budgeted sales units have been provided for you in the Sales Budget and

your budgeted sales price is $$101$ per unit.

Additional information you will need for Production Budget:

Company policy is to maintain $15\%$ of next quarter's sales units in finished goods inventory. First quarter's

beginning finished goods inventory is estimated at $2001$ units. Fourth quarter's ending finished goods inventory

is estimated at $2273$ units. Adtifional information wou mill need for Cost of Goods Sold Buatuet:

For cost of goods sold, the production costs include direct materials $($ $$28$ per unit$),$ direct labor $($ $$17$ per unit$),$

and overhead $($applied at $180\%$ of direct labor$).$

Additional information sou will need for Selling and Admin Expense $($or Doerating Expense$/$ Budge

Selling expenses include sales commissions of $11\%$ of sales revenue and sales salaries of $$26240$ per quarter.

Administrative expenses include office building depreciation of $$3500$ per quarter and office salaries of $$69400$

per quarter. Adtifionalinformation you wil$/$ need for Schectele of Cash Coblecfions:

All Sales are made on credit. Experience shows that $45\%$ of cash collections are received in the same quarter

as the sale and the remaining $55\%$ are collected in the quarter after the sale. Dutstanding accounts receivable

on Jan $1$ is $$82900$ and will be paid in the first quarter. SHDW ALL CALCULATIDNS CLEARLY.

$[$Enter your company name here$]$

Schedule of Cash Collections from Customers

$1$st Qtr $2$nd Qtr $,3$rd Qtr $,4$th Qtr

YEAR Addifional information swu syill need for Schectede of Cash Fusments for Purchases:

All direct material purchases are made on credt and budgeted purchases are provided below. Lash payments

for purchases are made $50\%$ in the same quarter as the purchase and $50\%$ will be paid in the quarter after the

purchase. Dutstanding accounts payable as of Jan $1$ is $$25660$ and will be paid in the first quarter. SHDW

ALL CALCLLATIDNS CLEARLY.

Adtifional infownation sou swill need for the Cash Butget:

I he beginning cash balance on January is expected to be $ sibZuU. Hemember to use the intormation

calculated in the Selling and Admin Expense budget. Schedule of Cash Receipts, and Schedule of Cash

Pauments for Purchases.