April			May		June
Sales	44,000			11,000		11,000
Production	54,000			11,000		11,000

Cash-related production costs are budgeted at $8 per unit produced. Of these production costs, 30% are paid in the month in which they are incurred and the balance in the following month. Selling and administrative expenses will amount to $80,000 per month. The accounts payable balance on March 31 totals $173,000, which will be paid in April.

All units are sold on account for $20 each. Cash collections from sales are budgeted at 60% in the month of sale, 25% in the month following the month of sale, and the remaining 15% in the second month following the month of sale. Accounts receivable on April 1 totaled $422,000 ($92,000 from February's sales and $330,000 from Marchs sales).

Required:

a. Prepare a schedule for each month showing budgeted cash disbursements for Tilson Corporation.

b. Prepare a schedule for each month showing budgeted cash receipts for Tilson Corporation.

Prepare a schedule for each month showing budgeted cash disbursements for Tilson Corporation.

	April	May	June
Production cost
Cash disbursements:
Production costs this month (30%)
Production costs prior month (70%)
Selling and administrative
Total disbursements

Prepare a schedule for each month showing budgeted cash receipts for Tilson Corporation.

	April	May	June
Total sales
Cash receipts:
February sales
March sales
April sales
May sales
June sales
Total receipts