Question
I need a Master Budget: Sales, Cash Collections, Production(Purchase), Production DirectMaterials, Direct Labor, Manufacturing OH, Ending Finished Goods, Selling and Administrative, Cash, Income Statement and
I need a Master Budget: Sales, Cash Collections, Production(Purchase), Production DirectMaterials, Direct Labor, Manufacturing OH, Ending Finished Goods, Selling and Administrative, Cash, Income Statement and Balance Sheet
sales in unit
q1 - 10,000 = 100,000
q2 - 11,000 = 110,000
q3 - 12,000 = 120,000
q4 - 13,000 = 130,000 = total 460,000
year is 46,000 in sales in units
Beginning Accounts Receivable - 100,000 ended with 100,000 for year
Quarter 1 Sales - 160,000 ended with 100,000 for year (60,000+40,000)
Quarter 2 Sales - 106,000 - ended with 110,000 for year (66,000+44,000)
Quarter 3 Sales - 116,000- ended with 120,00 for year 72,000 + 48,000
Quarter 4 Sales - 126,000- ended with 78,000 for year
Total cash collection 508,000
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