)Fastlane Corp has the following sales data forecast for the

next year

Q1 Budgeted sales in units 4,480.00

Q2 Budgeted sales in units 5,600.00

Q3 Budgeted sales in units 6,720.00

Q4 Budgeted sales in units 6,160.00

Selling price/ per unit $11.20

Sales collection in current quarter 65%

Sales collection in next quarter 30%

Uncollectible 5%

Last year outstanding A/R $45,080.00

Last year ending inventory 1120.00

desired ending inventory is 8.40% of next quarter budgeted sales volume

desired ending inventory for the forth quarter is 1260.00 units

Please prepare the Sales and Production budget.

2)ABC ABC Corp has following data for preparing the materials purchase budget

Q1 Required Production in units 6,396.00

Q2 Required Production in units 5,576.00

Q3 Required Production in units 5,084.00

Q4 Required Production in units 5,986.00

1st Quarter Beg raw materials inventory 2558.40 kg

1st Quarter Beg Accounts Payable $12,152.40

Each unit materials weight in kg 1.64

Each kg costs $3.28

Desired Inventory is 16.40% of next quarter purchase in kg

Desired ending inventory for 4th quarter 2574.80 kg

80% of Current quarter purchase will be paid in current quarter

20% of Current quarter purchase will be paid in next quarter