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Are the answers correct? Tilson Corporation has projected sales and production in units for the second quarter of the coming year as follows: Sales Production

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Tilson Corporation has projected sales and production in units for the second quarter of the coming year as follows: Sales Production April 48,000 58,000 May 38,000 48,000 June 58,000 48,000 Cash-related production costs are budgeted at $4 per unit produced. Of these production costs, 45% are paid in the month in which they are incurred and the balance in the following month. Selling and administrative expenses will amount to $40,000 per month. The accounts payable balance on March 31 totals $177,000, which will be paid in April. All units are sold on account for $16 each. Cash collections from sales are budgeted at 50% in the month of sale, 35% 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 $466,000 ($96,000 from February's sales and $370,000 from March's 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 Complete this question by entering your answers in the tabs below. Required A Required B Prepare a schedule for each month showing budgeted cash disbursements for Tilson Corporation. April May 192,000 $ June 192,000 $ 232,000 $ $ 86,400 Production cost Cash disbursement: Production costs this month (45%) Production costs prior month (55.0%) Selling and administrative Total disbursements 104,400 $ 177,000 40,000 321,400 $ 86,400 $ 127,600 40,000 254,000 $ 105,600 40,000 232,000 $ ROLA Required B > complete lills question by entering your answers in the tabs below. Required A Required B Prepare a schedule for each month showing budgeted cash receipts for Tilson Corporation. April 768,000 $ May 608,000 $ June 928,000 Total sales $ $ Cash receipts: February sales March sales April sales May sales June sales Total receipts 96,600 370,000 384,000 $ 268,800 304,000 115,200 212,800 464,000 792,000 $ 850,600 $ 572,800 $

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