Aid for Master Budget based on info:

Variable selling and administrative expenses per unit are $1.50 Based on the experience in the home plant, Jordan has suggested that the B.C. plant keep 10% of the next month's unit sales in ending inventory. The plant has contracts with some of the major home hardware giants, so all sales are on account; 50% of the accounts receivable is collected in the month of sale. and the balance is collected in the month after sale. This was the same collection pattern as the previous year. The new plant has no bad debts. Sales Unit sales for February 2023 $98,000 Unit sales for March 2023 110,000 Expected unit sales for April 2023 118,000 Expected unit sales for May 2023 123,000 Expected unit sales for June 2023 128,000 Expected unit sales for July 2023 143,000 Expected unit sales for August 2023168,000 Average unit selling price $13 Other Information The cash balance on March 31 will be $125,500, but Waterways has decided it would like to maintain a cash balance of at least $600,000 beginning on April 30 . The company has an open line of credit with its bank. The terms of the agreement require borrowing to be in $1,000 increments at 3% interest. Borrowing is considered to be on the first day of the month and repayments and interest payments are on the last day of the month. In May, $800,000 of new equipment to update operations will be purchased. Three months' insurance is prepaid on the first day of the first month of the quarter. Direct Materials The combined quantity of direct materials (consisting of metal. plastic, and rubber) used in each unit is 1.40kg. Metal, plastic, and rubber together amount to $1.50 per kg. Inventory of combined direct materials on March 31 consisted of 16,590kg. This plant likes to keep 10% of the materials needed for the next month in its ending inventory. Fifty percent of the payables is paid in the month of purchase, and 50% is paid in the month after purchase. Accounts payable on March 31 will total $129,000. Labour requires 15 minutes per unit for completion and is paid at an average rate of $10 per ho