Cash Payments for Selling and Administrative (S&A) Expenses Budget: Variable selling and administrative expenses are $0.50 per unit sold and fixed selling and administrative expenses are $45,000 per month. Fixed selling and administrative expenses include $8,000 in depreciation which does not require a cash outflow. Required: Prepare a cash payments for S&A expenses budget, showing total S&A expense by month and in total for the quarter. Check Figure: Total budgeted cash payments made for S&.A expenses for the quarter $136,000 8. Cash Receipts Budget: All sales are on account. Johnson's collection pattern is: 70 percent collected in month of sale 20 percent collected in month after sale 10 percent collected in the second month after sale Johnson is expecting to earn $150,000 is sales revenue in the month of June. The cash collection pattern noted above is consistent for all quarters. Required: Prepare a cash receipts budget (schedule of cash receipts): Check Figure: Total budgeted cash receipts for the quarter- $647,000 Cash Payments for Selling and Administrative (S&A) Expenses Budget: Variable selling and administrative expenses are $0.50 per unit sold and fixed selling and administrative expenses are $45,000 per month. Fixed selling and administrative expenses include $8,000 in depreciation which does not require a cash outflow. Required: Prepare a cash payments for S&A expenses budget, showing total S&A expense by month and in total for the quarter. Check Figure: Total budgeted cash payments made for S&.A expenses for the quarter $136,000 8. Cash Receipts Budget: All sales are on account. Johnson's collection pattern is: 70 percent collected in month of sale 20 percent collected in month after sale 10 percent collected in the second month after sale Johnson is expecting to earn $150,000 is sales revenue in the month of June. The cash collection pattern noted above is consistent for all quarters. Required: Prepare a cash receipts budget (schedule of cash receipts): Check Figure: Total budgeted cash receipts for the quarter- $647,000