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Beneke Company has projected sales and production in units for the third quarter of 2023 as follows: July August September Sales 61,000 71,000 51,000 Production

Beneke Company has projected sales and production in units for the third quarter of 2023 as follows: July August September Sales 61,000 71,000 51,000 Production 71,000 61,000 51,000 Production costs, not including depreciation, are budgeted at $10 per unit produced. 70% of these costs are paid in the month in which they are incurred and the balance in the following month. Selling and administrative expenses are estimated to be $50,000 per month. The accounts payable balance on June 30 totals $175,000, which will be paid in July. All units are sold for $15 each. Cash collections from sales are budgeted at 80% in the month of sale, 10% in the month following the month of sale, and the remaining 10% in the second month following the month of sale. Accounts receivable on July 1 totaled $500,000 ($160,000 from May's sales and $340,000 from June's sales). Required: a. Prepare a schedule for each month showing budgeted cash disbursement

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