for number 7, why did we use march instead of january?

American University of Kuwait Department of Accounting and Finance Quit 3: Ch. 7. 8 and 12 ACCT 205 Summer 2019 Student Name Student ID Attendance No. Question 2: Crancy Corporation makes one product and it provided the following information to help prepare the master budget for the next four months of operations The buducted selling price units Rides les for any, February March and April are 7.100, 300, 13.00, and it is reactively. All sales are on credit Regarding credit sales 20 anellsted in the month of the sale and in the following The ending tinished goods inventory equals 40% of the following month's sales. The ending raw materials inventory equals 40% of the following month's raw materials production noods. Each unit of linished soods roovires & pounds ofrow materials. The row materials cost $1.00 per pound. Regarding raw materials purchases, 30% are paid for in the month of purchase and 70's in the following month The direct labor wage rate is $19.00 per hour. Each unit of finished goods requires 2.7 direct labor-hours Required: What are the budgeted sales for shruar sats to be sold Jan Feb March April 7100 8300 13700 x X 87 X 87 x 87 1,191,900 1,183,20 500 #722100 DO Feb . Cash Collection 6. What are the expected cash collections for February Jon. Sales 7 1008 87 617,700 1/topoy 494,160 Feb. sales 8300487= 722 100 x261 = 1441 144420 $638,580 7. According to the production budget, how many units should be produced in February Budgeted sales 8300 unts + End Inv. 5480 13700 March Sales x 40% - Bes INN. Feb sales 8300 10,460 X40% 2 3320- Required Production