Ahmad Inc, manufactures scooters, Management is now preparing detailed budgets for the second quarter, April through June, and has prepared sales budget listed below. April May June October Sales budget 6,000 8,000 9,000 23,000 a All sales on account, Based on past experience, sales are expected to be collected in the following patter: 60% 35% 5% in the mouth of sale in the month following sale Uncollectible a Selling price is $40 b. May Sales is $147,000 and June sales is $150,000 Required: First you need to prepare below budgets then answer the questions 1. Prepare sales budget in dollar by month and for the third quarter 2. Prepare schedule of expected cash collections, by month and for the third quarter Questions: 1- what is the budgeted sales in dollar for the quarter. (Budget sales in dollar) QUESTION 6 Ahmad Int. manufactures scooters; Management is now preparing detailed budgets for the second quarter, April through June, and has prepared sales budget listed below. April May June October Sales budget 6,000 8,000 9,000 23,000 All sales on scot, Based on past experience, sales are expected to be collected in the following pattern 60% in the month of sale 35% in the month following sale 5% Uncollectible Selling price is $40 b. May sales is 147.00 and June sales is $150,000 Required: First you need to prepare below budgets the answer the questions below 1. Prepare sales budget in dollar by month and for the third quarter 2. Prepare schedule of expected cash collections, by mouth and for the third quarter Questions: What is the total amount of account receivables ? Schedule of Expected Cash collection) Remaining Time: 49 minutes, 10 seconds Sales units) 7500 The fshed goods inventory on hand at the end of each month must be equal to 20% of the best Prepare Production Badget by month and for the third quarter then wer all the questions below - what is the ending inventory for the quarter Production Budget) the sales. The inventory of finished goods on and on June 30 is budgeted to be 1,200 units QUESTION 2 Oma loc manfactores de p eloy, M ae n ow preparing detailed budgets for the third quarter, July through September and has sembled the following information to it in preparing the budget July R ust September October Sales in its) 7,500 5,000 4,000 The finished goods ventory on hand at the end of each month must be equal to 20% of the next month's sales. The s tory of finished goods on hando June 30 is bedreted to be 1.2.00 units Required: Prepare Production Buret by mouth and for the third quarter than an the below questions 2- What is the beginning investory for the month of August Production Budget) QUESTION 3 Omar Int. manufactures fidget spinner toy, Management is now preparing detailed budget for the third quarter July through September, and has sembled the following information to assist in preparing the budget o ry of the goods and o ne 30 i budgeted to be 1.200 units The finished goods w ory on hand at the end of each month must be equal to 20% of the next month's sales The RequiredPrepare Production Budget by mouth and for the third quarter the anniver the below questions 3- What is the Production budget for the month of September? (Production Budget eplember QUESTION 4 Omar Inc., manufactures fidget spinner toy. Management is now preparing detailed budgets for the third quarter, July through September, and has nembled the following information to assist in preparing the budget October Sales in its T 6,000 1300 5,000 The finished goods inventory on hand at the end of each month must be equal to 20% of the next month's sales. The inventory of finished goods ca hand on June 30 bolgeted to be 1.200 units Required Prepare Production Budget by mouth and for the third quarter to w er the below question 2- What is the Production budget for the quarter Production Budget) 500