Hi please answer question B. The answers previous to that one are all correct.

Waterways Continuing Problem-10 (Part Level Submission) Waterways Corporation has recently acquired a small manufacturing operation in British Columbia that produces one of its more popular items. This plant will provide these units for resale in retail hardware stores in British Columbia and Alberta. Because the budget prepared by the plant was incomplete, Jordan Leigh, Waterways' CFO, was sent to B.C. to oversee the plant's budgeting process for the second quarter of 2017. Jorcan asked the various managers to collect the following information for preparing the second-quarter budget. Sales Unit sales for February 2017 99,000 Unit sales for March 2017 111,000 Expected unit sales for April 2017 119,000 Fxpected unit sales for May 2017 174,000 Expected unit sales for June 2017 129.000 Expected unit sales for July 2017 144,000 Expected unit sales for August 2017 169,000 Average unit selling price $17 Based on the experience from the home plant, Jordan has suggested that the B.C. plant keep 10% of the next month's unit sales in ending Inventory. The plant has contracts with some of the major home ardware glants, so all sales are on anxunt; 50% of the counts receivable is xollected in the ranih af sule, and the balance is lected in the men aller sales. This was the same collection pellern from the previous year. The new plenil hastig bed debts. Direct Materials The combined quantily of direnmelerials (consisting of real, plastic and rubber) used in each unit is 1.10 kyy. Melal silsilic, and rubber legeltet arricul lo $1.50 per kg. Inventory of curribine direc: maletidl on March 31 xnsisted of 13,145 kg This plent likes to keep 10% of the materials needed for the next month in its ending inventory. Fifty percent of the payables is paid in the month of purchase, and 50% is paid in the month after purchase. Accounts Payable on March 31 will total s120,000. Direct Labour Labour requires 15 minutes per unit for completion and is paid at an average rate of s14 per hour. VILLL LUUUU Labour requires 15 minutes per unit for completion and is paid at an average rate of $14 per hour. Manufacturing Overhead Indirect materials $0.30 Indirect labour 50.60 Utilities $0.50 Maintenance $0..30 Salaries $43,800 Depreciation $14,800 Property taxes $2,450 Insurance $1,250 Tanilurial $2,400 per labour hour per labour hour per la xur hour per labour hour per month per month per month per month per month Selling and Administrative Variable selling and administrative cost per unit is $1.60. Advertising $16,000 a month Depreciation $2,500 a month Insurance S1,200 a month Other fxed costs S3,600 a month Salaries $67,000 a month Other Information The Cash balance on March 31 will be $124,500, but waterways has decided it would like to maintain a cash balance of at least $400,000 beginning on Apnl 30. The company has an open line of credit with its bank. The terms of the agreement require borrowing to be in 51,000 increments at 2% interest. Borrowing is considered be on the first day of the month and repayments are on the last day of the month. Assurric interest is paid at the end of the quarter. In May, $690,000 of new cquipment to update operations will be purchased. Three months insurance is prepaid on the first day of the first month of the quarter, For the second quarter of 2017, prepare a sales budget. WATERWAYS CORPORATION British Columbia Production Plant Sales Budget for the 2nd Quarter, 2017 May April June Total Sales in units 119000 124000 129000 372000 Per unit selling price 12 12 12 12 Total expected sales 1428000 1488000 1548000 4464000 (b) For the second quarter of 2017, prepare a schedule for expected cash collections from customers. (Round answers to 0 decimal places, e.g. 5,275.) WATERWAYS CORPORATION British Columbia Production Plant Expected Cash Collections for the 2nd Quarter, 2017 May June April Total Collections from March $ April April May May June Total cash collections $ $