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Damon Manufacturing is preparing its master budget for the first quarter of the upcoming year. The following data pertain to Damon Manufacturing's operations: (Click
Damon Manufacturing is preparing its master budget for the first quarter of the upcoming year. The following data pertain to Damon Manufacturing's operations: (Click the icon to view the data.) i (Click the icon to view additional data.) Read the requirements. Requirement 1. Prepare a schedule of cash collections for January, February, and March, and for the quarter in total. Damon Manufacturing Cash Collections Budget For the Quarter Ended March 31 Month January February March Quarter Cash sales Credits sales Total cash collections = Requirement 2. Prepare a production budget. (Hint: Unit sales Sales in dollars + Selling price per unit.) Damon Manufacturing Production Budget For the Quarter Ended March 31 Unit sales Plus: Desired ending inventory Month January February March Quarter Total needed Less: Beginning inventory Units to produce Requirement 3. Prepare a direct materials budget. (Round your answers to the nearest whole dollar.)
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