Al Rahmani Dairy Company is a manufacturer and seller of dairy products.Information on actual and projected sales in units is given below for the Use this information to answer all parts of question one.

	Month	Units
July2021(budget)	24,000
August2021 (budget)	35,000
September2021 (budget)	45,000
October2021(budget)	40,000
November2021(budget)	25,000
Required:

1. do aSalesbudgetinunitsanddirhamforthemonthsofJulytoSeptember2021 and for the quarter in total. The selling price per unit is AED 50.
2. Assume that the company collects 60% of its sales in the month of the sale, 40% in themonthfollowingthesale.make CashReceiptsschedulefor3monthsending September2021andtotalforthequarterof2021. AccountsReceivablebalanceasof June 30, 2021 was AED 240,000.
3. Refer to the projected sales that you have calculated. Prepare a Production Budgetfor3monthsendingSeptember2021andtotalforthequarterof2021.Thecompany's inventory at the end of each month must equal 20% of next month's sales. On June 30, 2021, inventory balance was 6,000 units.
4. do aDirectMaterialsPurchaseBudgetinquantityandindollaramountsfor3 months ending September 2021 and total for the quarter of 2021 based on the production budget above. One unit of product requires 8 ounces of materials and the company'spolicyistomaintainanendinginventoryofmaterialsequalto30%ofnext month's production needs. Each ounce of direct materials cost AED 3.50. June 31, 2021 inventory balance was 48,000 ounces.

5. Assumingthat thecompany's policyis to pay70% ofeach month's cost ofmaterials purchases in the same month and 30% in the month after, prepare a Cash Disbursement (cash payment) schedulefor 3 months ending September 2021 and total for the quarter of 2021. The accounts payable balance at the end of June 2021 was AED 148,000.

6. Thefollowingaretheprojectedcashexpendituresfor2021in AED:

	July	August	Sept.	Oct.
Manufacturing Overhead	76,000	79,000	93,000	101,000
Selling Expense	49,000	53,000	41,000	73,000
Administrative Expense	163,000	161,000	169,000	182,000
DirectLabor	90,000	111,000	132,000	120,000
Equipment purchase		100,000	300,000	600,000

OnJune30,2021,thecompanyhadacashbalanceofAED136,000onhand.Thecompanyhas an arrangement with their bank to have a bank overdraft policy of maximum AED 250,000 as and when needed and borrows in the nearest '000s. The interest on the overdraft is 1.2% per month and paid at the time of loan repayment. The company also have a policy of maintaining a minimum cash balance of AED 100,000 at the end of each month.

PrepareaCashBudget forthethird quarterof 2021.