Edwards Co. has projected sales and production in units for the second quarter of the year as follows: Sales... Production. Required: 25,000 25,000 April May June 30,000 20,000 25,000 30,000 A. Production costs are budgeted at $6 per unit produced. Of these production costs, 40% are paid in the month in which they are incurred and the balance in the following month. Selling and administrative expenses (all paid in cash) amount to $60,000 per month. The accounts payable balance on March 31 totals $96,000, all of which will be paid in April. Prepare a schedule for each month showing budgeted cash disbursements for Edwards Company B. Assume that all units will be sold on account for $15 each. Cash collections from sales are budgeted at 60% in the month of sale, 30% in the month following the month of sale and the remaining 10% in the second month following the month of sale. Sales in March totaled $525,000 and the Accounts receivable outstanding balance from February sales totaled $45,000. Prepare a schedule for each month showing budgeted cash receipts for Edwards Company