Data for Q 21-23 Fortin Limited produces and sells a single product, a wearable LED light for runners and cyclists. The analytics group at Fortin Limited has developed the following estimates for unit sales in the upcoming year. First Quarter Second Third Fourth Quarter Quarter Quarter Budgeted unit sales 25,900 21,400 20,900 21,200 The light sells for $40 per unit and all sales are on account. 75% of sales are expected to be collected in the quarter of sale, with the remainder in the following quarter. Accounts receivable at the beginning of the quarter were $168,000 and will all be collected during the first quarter of the year. At the end of the previous quarter there were 2,600 units in finished goods inventory. The desired ending finished goods inventory at the end of each quarter is 10% of the next quarter's budgeted sales. Management expects sales in the fourth quarter of the upcoming year to be the same as the first quarter of the following year. 21) What is the numbers of units to be produced in the Third Quarter? 22) What will revenue be (sales budget) for Q2? 23) Assuming each unit (LED light) requires two bulbs, and the standard cost for each bulb is $2, what will the materials cost for bulbs be in Q1? 24) How much cash will be collected in Q1