Font Alignment Number B C D E F G H I In Units Sales Production April 70,000 80,000 May 60,000 70,000 June 80,000 70,000 Cash-related production costs are budgeted at $8 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 will amount to $150,000 per month. The accounts payable balance on March 31 totals $190,000, which will be paid in April. All units are sold on account for $24 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. Accounts receivable on April 1 totalled $500,000 ($90,000 from February's sales and $410,000 from March's sales). REQUIRED A. Prepare a schedule for each month showing budgeted cash disbursements for Hut Corp. B. Prepare a schedule for each month showing budgeted cash receipts for Hut Corp. SOLUTION Question Sheet2 Sheet3 ru w u TI LUCI ITIVITET WETUVITY Duyucu Cul USDUSCITICIILSIUI TUL B. Prepare a schedule for each month showing budgeted cash receipts for Hut Corp