Exercise 10.42 Concord Manufacturing, located in France, has projected sales in units for four months of operations as follovs January 31,000 February 36,000 March 38.000 Apri41,000 The product sells for (19 per unit 25% of the customers are expected to pay in the month of sale and take a 3% discount 70% are expected to pay in the month follo ng sale. The remaining 5% will never pay It takes 2 kilograms of materials to produce a unit of product. The materials cost 0.65 per kilogram. In January, no raw materials are in beginning inventories, but managers want to and each month with enough materials for 20% of the next month's production. The firm pays for 60% of its materials purchases in the month of purchase and 40% in the following month. It takes 0.5 hour of labour to produce each unit. Labour is paid 12 per hour and is paid in the same month as worked. Overhead is estimated to be 4 per unit plus 28,000 per month (including amortization of 13,000). Overhead costs are paid as they are incurred oncord will begin anuary wth no inished goods or work in process inventory. The managers want to end each month with 2 % of the fol O ing month's sales in finishe month with no work in process goods n entor They wil end each Prepare a cash budget listing cash receipts and disbursements for February. The firm wlb symbols in your answer) bruary with a cash balance of C80,000. (Round ll entries to whole amounts, e.g.3,275. Do not enter currency Cash Budget