All sales are on account. The company's collection experience has been that $43\%$ of a month's sales are collected in the month of

sale, $53\%$ are collected in the month following the sale, and $4\%$ are uncollectible. It is expected that the net realizable value of

accounts receivable $($i$.$e$.,$ accounts receivable less allowance for uncollectible accounts$)$ will be $$152,640$ on March $31,2022.$

Management's policy is to maintain ending finished goods inventory each month at a level equal to $52\%$ of the next month's

budgeted sales. The finished goods inventory on March $31,2022,$ is expected to be $3,692$ units.

To make one unit of finished product, $3$ pounds of materials are required. Management's policy is to have enough materials on hand

at the end of each month to equal $43\%$ of the next month's estimated usage. The raw materials inventory is expected to be $11,373$

pounds on March $31,2022.$

The cost per pound of raw material is $$5\mathrm{.}00,$ and $70\%$ of all purchases are paid for in the month of purchase; the remainder is paid

in the following month. The accounts payable balance for raw material purchases is expected to be $$34,409$ on March $31,2022.$

Required:

a$.$ Prepare a sales budget in units and dollars, by month and in total, for the second quarter $($April$,$ May, and June$)$ of $2022.$

b$.$ Prepare a schedule of cash collections from sales, by month and in total, for the second quarter of $2022.$

c$.$ Prepare a production budget in units, by month and in total, for the second quarter of $2022.$

d$.$ Prepare a materials purchases budget in pounds, by month and in total, for the second quarter of $2022.$

e$.$ Prepare a schedule of cash payments for materials, by month and in total, for the second quarter of $2022.$

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