answer the required 1-6
Check my work Milo Company manufactures beach umbrellas. The company is preparing detailed budgets for the third quarter and has assembled the following information to assist in the budget preparation a. The Marketing Department has estimated sales as follows for the remainder of the year (in units): July August September 52,000 December 13,500 36,500 october 26,500 83,000 November 13,000 The selling price of the beach umbrellas is $10 per unit. b. All sales are on account. Based on past experience, sales are collected inthe following pattern: 30 in the month of sale 65% in the month following sale 58 uncollectible Sales for June totaled $320,000. C. The company maintains finished goods inventories equal to 15% of the following month's sale end of June. s. This requirement will be met at the d. Each beach umbrella requires 4 feet of Gilden, a material that is sometimes hard to acquire. Therefore, the company requires that the ending inventory of Gilden be equal to 50% of the following month's production needs. The inventory of Gilden on beginning and end of the quarter will be: hand at the S: Check my work 30% in the month of sale 65% in the month following Bale Sales for June totaled $320,000. C. The company maintains finished goods inventories equal to 15% of the following month's sales. This requirement will be met at the end of June. d. Each beach umbrella requires 4 feet of Gilden, a material that is sometimes hard to acquire. Therefore, the company requires that the ending inventory of Gilden be equal to 50% of the following month's production needs. The inventory of Gilden on hand at the beginning and end of the quarter will be: June 30 86,950 feet ? feet 30 e, Gilden costs $0.80 per foot. One-half of a month's purchases of Gilden is paid for in the month of purchase: the remainder is paid for in the following month. The accounts payable on July 1 for purchases of Gilden during June will be $60,920. Required 1. Calculate the estimated sales, by month and in total, for the third quarter. 2. Calculate the expected cash collections, by month and in total, for the third quarter. e the estimated quantity of beach umbrellas that need to be produced in July, August, September, and October culate the quantity of Gilden (in feet) that needs to be purchased by month and in total, for the third quarter Iculate the cost of the raw material (Gilden) purchases by month and in total, for the third quarter 6. Calcula te the expected cash disbursements for raw material (Gilden) purchases, by month and in total, for the third quarter. Check my wor 86,950 feet 2 feet June 30 30 e. Gilden costs $0.80 per foot. One-half of a month's purchases of Gilden is paid for in the month of purchase; the remainder is paid for in the following month. The accounts payable on July 1 for purchases of Gilden during June will be $60.920. Required: 1. Calculate the estimated sales, by month and in total, for the third quarter 2. Calculate the expected cash collections, by month and in total, for the third quarter. 3. Calculate the estimated quantity of beach umbrellas that need to be produced in July, August, September, and October. 4. Calculate the quantity of Gilden (in feet) that needs to be purchased by month and in total, for the third quarter 5. Calculate the cost of the raw material (Gilden) purchases by month and in total, for the third quarter. 6. Calculate the expected cash disbursements for raw material (Gilden) purchases, by month and in total, for the third quarter. Complete this question by entering your answers in the tabs below. Req 3 Req 4 and Req 6 Req 1 Req 2 Calculate the estimated sales, by month and in total, for the third quarter August September Quarter July Req2, > Check my work June 30 86,950 feet ? feet 30 e. Gilden costs $0.80 per foot. One-half of a month's purchases of Gilden is paid for in the month of purchase; the remainder is paid for in the following month. The accounts payable on July 1 for purchases of Gilden during June will be $60,920. 1. Calculate the estimated sales, by month and in total, for the third quarter 2. Calculate the expected cash collections, by month and in total, for the third quarter 3. Calculate the estimated quantity of beach umbrellas that need to be produced in July, August, September, and October 4. Calculate the quantity of Gilden (in feet) that needs to be purchased by month and in total, for the third quarter 5. Calculate the cost of the raw material (Gilden) purchases by month and in total, for the third quarter. 6. Calculate the expected cash disbursements for raw material (Gilden) purchases, by month and in total, for the third quarter. Complete this question by entering your answers in the tabs below. Req 6 Req 1 Req 2 Req 4 and 5 Req 3 Calculate the expected cash collections, by month and in total, for the third quarter. August September Quarter Total cash Req 3 Check my work June 30 30 ? feet e. Gilden costs $0.80 per foot. One-half of a month's purchases of Gilden is paid for in the month of purchase; the remainder is paid for in the following month. The accounts payable on July 1 for purchases of Gilden during June will be $60,920. Required: 1. Calculate the estimated sales, by month and in total, for the third quarter 2. Calculate the expected cash collections, by month and in total, for the third quarter. 3. Calculate the estimated quantity of beach umbrellas that need to be produced in July, August, September, and October. 4. Calculate the quantity of Gilden (in feet) that needs to be purchased by month and in total, for the third quarter 5. Calculate the cost of the raw material (Gilden) purchases by month and in total, for the third quarter 6. Calculate the expected cash disbursements for raw material (Gilden) purchases, by month and in total, for the third quarter Complete this question by entering your answers in the tabs below. Req 4 and 5 Req 6 Req 1 Req 2 Req 3 Calculate the estimated quantity of beach umbrellas that need to be produced in July, August, September, and October July ober n in units Req 4 and5> Req 2 June 30 86,950 feet ? feet 30 e. Gilden costs $0.80 per foot. One-half of a month's purchases of Gilden is paid for in the month of purchase; the remainder is paid for in the following month. The accounts payable on July 1 for purchases of Gilden during June will be $60,920. Required: 1. Calculate the estimated sales, by month and in total, for the third quarter 2. Calculate the expected cash collections, by month and in total, for the third quarter. 3. Calculate the estimated quantity of beach umbrellas that need to be produced in July, August, September, and October. 4. Calculate the quantity of Gilden (in feet) that needs to be purchased by month and in total, for the third quarter. 5. Calculate the cost of the raw material (Gilden) purchases by month and in total, for the third quarter. 6. Calculate the expected cash disbursements for raw material (Gilden) purchases, by month and in total, for the third quarter Complete this question by entering your answers in the tabs below. Req 2 Req 4 and 5 Req 6 Req 1 Req 3 4. Calculate the quantity of Gilden (in feet) that needs to be purchased by month and in total, for the third quarter. 5. Calculate the cost of the raw material (Gilden) purchases by month and in total, for the third quarter. (Round your Unit cost of raw materials to 2 decimal places.) August September Quarter Total units of raw materials to be Cost of raw materials to be purchased Check my work 86,950 feet June 30 30 2 feet Sept e. Gilden costs $0.80 per foot. One-half of a month's purchases of Gilden is paid for in the month of purchase; the remainder is paid for in the following month. The accounts payable on July 1 for purchases of Gilden during June will be $60,920. Required: 1. Calculate the estimated sales, by month and in total, for the third quarter. e the expected cash collections, by month and in total, for the third quarter. 3. Calculate the estimated quantity of beach umbrellas that need to be produced in July, August, September, and October. 4. Calculate the quantity of Gilden (in feet) that needs to be purchased by month and in total, for the third quarter. 5. Calculate the cost of the raw material (Gilden) purchases by month and in total, for the third quarter 6. Calculate the expected cash disbursements for raw material (Gilden) purchases, by month and in total, for the third quarter. Complete this question by entering your answers in the tabs below. Req 4 and 5 Req 6 Req 2 Req 3 Req 1 Calculate the expected cash disbursements for raw material (Gilden) purchases, by month and in total, for the third quarter July Total cash disbu Req 4 and 5 K Prev 6 of 6 Next >
