CAN SOMEONE PLEASE SOLVE THE LAST 4 PARTS ON THIS

I do not have answers to those yet.

2. Cost of goods sold, inventory, and purchases budget 3. Operating expense budget 4. Budgeted income statement 5. Cash collections budget 6. Cash payments budget 7. Combined cash budget PROBLEMS Group B P9-65B Comprehensive budgeting problem (Learning Objectives 2 & 3) Conrad Manufacturing is preparing its master budget for the first quarter of the upcom ing year. The following data pertain to Conrad Manufacturing's operations: Current assets as of December 31 (prior year): Cash. $ 4,460 Accounts receivable, net........ $ 49,000 Inventory $ 15,600 Property, plant, and equipment, net.. $121,500 Accounts payable $ 43,000 Capital stock..... ........... $127,000 Retained earnings $ 22,800 a. Actual sales in December were $76,000. Selling price per unit is projected to remain stable at 59 per unit throughout the budget period. Sales for the first five onths of the upcoming year are budgeted to be as follows: January $80,100 February $89.100 March $82,800 April. $85,500 May $77,400 Sales are 30% cash and 70% credit. All credit sales are collected in the month follow ing the sale of 944 - Location 13534 of 22456 The Master e Conrad Manufacturing has a policy stating that each month's ending inventory of fin. ished goods should be 10% of the following month's sales (in units). d. Of each month's direct materials purchases, 20% are paid for in the month of pur. chase, while the remainder is paid for in the month following purchase. Two pounds of direct material is needed per unit at $1.50 per pound. Ending inventory of direct materials should be 20% of next month's production needs. .. Most of the labor at the manufacturing facility is indirect, but there is some direct la. bor incurred. The direct labor hours per unit is 0.03. The direct labor rate per hour is 513 per hour. All direct labor is paid for in the month in which the work is performed The direct labor total cost for each of the upcoming three months is as follows: January February March $3,510 $3,834 $3,600 Monthly manufacturing overhead costs are $6,500 for factory rent, $2.900 for other fixed manufacturing expenses, and $1.40 per unit for variable manufacturing over head. No depreciation is included in these figures. All expenses are paid in the month in which they are incurred. 9. Computer equipment for the administrative offices will be purchased in the upcom. ing quarter. In January, the company will purchase equipment for 55,800 (cash), while February's cash expenditure will be $11,600 and March's cash expenditure will be $15,800. h. Operating expenses are budgeted to be $1.20 per unit sold plus fixed operating ex penses of $1,400 per month. All operating expenses are paid in the month in which they are incurred. No depreciation is included in these figures. Depreciation on the building and equipment for the general and administrative offices is budgeted to be 54,900 for the entire quarter, which includes depreciation on new acquisitions. Conrad Manufacturing has a policy that the ending cash balance in each month must be at least $4,400. The company has a line of credit with a local bank. It can borrow in Increments of $1,000 at the beginning of each month, up to a total outstanding loan balance of $160,000. The interest rate on these loans is 1% per month simple interest (not compounded). The company would pay down on the line of credit balance in increments of $1,000 if it has excess funds at the end of the quarter. The company would also pay the accumulated interest at the end of the quarter on the funds bor rowed during the quarter. k. The company's income tax rate is projected to be 30% of operating income less interest expense. The company pays $10,800 cash at the end of February in estimated Requirements 1. Prepare a schedule of cash collections for January, February, and March, and for the quarter in total Cash Collections Budget For the Quarter Ended March 31 March Quarter