Crane Company's budgeted sales and direct materials purchases are as follows.

Crane's sales are $30\%$ cash and $70\%$ credit. Credit sales are collected $10\%$ in the month of sale, $50\%$ in the month

following sale, and $36\%$ in the second month following sale; $4\%$ are uncollectible. Crane's purchases are $50\%$ cash and

$50\%$ on account. Purchases on account are paid $40\%$ in the month of purchase, and $60\%$ in the month following

purchase.

$($a$)$

Prepare a schedule of expected collections from customers for March.

CRANE COMPANY

Schedule of Expected Collections from Customers

Total collections

$

$($b$)$

Prepare a schedule of expected payments for direct materials for March.

CRANE COMPANY

Schedule of Expected Payments for Direct Materials

March

$