Exercise 8 (9 Points) Hall Industries has budgeted the following unit sales: 2020 September October November December Units 25,000 40,000 60,000 45,000 of the units budgeted, 40% are sold by the Coastal Division at an average price of $16 per unit and the remainder are sold by the Central Division at an average price of $13 per unit. Instructions: Prepare the sales budget for the Central Division and for the fourth quarter of 2020 with appropriate schedule headings. HALL INDUSTRIES October November December Total Expected unit sales Unit selling price Total sales PCB Company has budgeted sales revenue as follows for the next 4 months: June $300,000 July 240,000 August 210,000 September 330,000 Past experience indicates that collection of sales occurs as follows: 70% in the month of sale, 28% in the month following the sale, and the other 2% is uncollectible. Instructions: Prepare a schedule which shows expected cash receipts from sales for the months July through September with appropriate schedule headings. PCB COMPANY Credit Sales July Collections August September June July August September Total