I need assistance with A,B,C,D,E & F . mostly with A, C, D, E and F. Thank you.

Portraits Unlimited Company Budgeting Prolect lan Jennings, president of Portraits Ualimited Company, was just concluding a budget meeting with his senior staff. It was November of 2022 , and the group was discussing preparation of the firm's master budget for 2023 . "Tve decided to go ahead and purchase the industrial robot we've been talking about. We'll make the acquisition on January 3 of next year, and I expect it will take most of the year to tain the personnel and reorganize the production process to take full advantage of the new equipment." In response to a question about financing the acquisition, Jennings replied as follows: "The robot will cost $250,000. There will also be an additional $50,000 in ancillary equipment to be purchased. We'll finanee these purchases withji one-year $300,000 loan from Shark Bank and Trust Company on January 2 . I've negotiated a Topayment schedule of four equal installments on the last day of each quarter. The interest rate will be 10 percent per annum on the reducing balance basis, and interest payments will be quarterly as well." With that the meeting broke up, and the budget process was on. Portraits Unlimited Company is a manufacture of metal picture Portraits. The firm's two product lines are designated as S (small Portraits; 57 inches) and L (large Portraits; 810 inches). The primary raw materials are flexible metal strips and 9-inch by 24 -inch glass sheets. Each S Portrait requires a 2-foot metal strip; and an L. Portrait requires a 3-foot strip. Allowing for normal breakage and scrap glass, the company can get either four S Portraits or two L Portraits out of a glass sheet. Other raw materials, such as cardboard backing, are insignificant in cost and are treated as indiroct materials. lase Williams, Portraits Unlimitod's controller is in charge of preparing the master budget for 2023. She has gathered the following information: 1. Sales in the fourth quarter of 2022 are expected to be 50,000S Portraits and 40,000L Portraits. The sales manager prodicts that over the next two years, sales in each product line will grow by 5,000 mits cach quarter over the previous quarter. For example, S Portnits sales in first quarter of 2023 are expected to be 55,000 unith. 2. Portraits Unlimited Company sales tistory indicates that 60 percent of all sales are on credit, with the remainder of the sales in cach. The company's colleetion experiences shows that 80 percent of the crodit sales are collectod during the quarter in which the sale is made, while the remaining 20 percent is collected in the following quarter. 3. Tho S Portrait sells for $10, and the L Portait sells for \$15. These prices are expected to hold constant throughout 2023. 4. The production manager attempts to end each quater with encugh finishod goods inventory in each product line to cover 20 percent of the following quarter's sales. Mocoover, an attempt is made to end each quarter with 20 percent of the glass sheets nocded for the following quarter's prodaction. Assume an ending inveatory of glass sheets of 10,400 for the fourth quarter of 2023. Metal strips are purchaiced locally, the compuny beys them on a jus-in-time busis; inventory is neghigible. The opening inventory for quarter 4,2022 for boch finiahed goods and raw materials can be found by determining the desirod cnding inventory for quarrer 3,2022 based on the inventery principle provided. 5. All direct-material purchases afe made on account, and 80 percent of each quarter's purchases are paid in cash during the same quater as the purchase. The other 20 peroent is paid in the next quarter. 6. Indirect materials aro purchasied with caut as needed. Work io-process is negligible. 7. The following manufacturing overticad coits are bedgeted for 2023: 8. Projocted manufacturing costs in 2023 are as followx: 9. The following relates to past selling and administrative expenses. (Use regression unalysis to derive a cost function and use thir cost function to entimate the selling and administrative cost). 10. Jackson anticipates that dividend of 550,000 will be declared and paid in cash each quarter. 11. Portraits Unlimited Company projected balunce sheet as of December 31, 2022, follows: repare Portraits Unlimited Company master budget for each quarter of 2023 and in total for the ear by completing the following budgets and schedules: (a) Sales budget (prepare 4th quarter of 2022 as well). (8 marks) (b) Schedule of cash collected from customers. (101/2 marks) (c) Production budget (prepare 4th quarter of 2022 as well). (19 marks) (d) Direct-material budget (prepare 4th quarter of 2022 as well). (191/2 marks) (e) Schedule of cash disbursement to suppliers for direct material. (8 marks) (f) Direct labour budget. Portraits Unlimited Company Budgeting Prolect lan Jennings, president of Portraits Ualimited Company, was just concluding a budget meeting with his senior staff. It was November of 2022 , and the group was discussing preparation of the firm's master budget for 2023 . "Tve decided to go ahead and purchase the industrial robot we've been talking about. We'll make the acquisition on January 3 of next year, and I expect it will take most of the year to tain the personnel and reorganize the production process to take full advantage of the new equipment." In response to a question about financing the acquisition, Jennings replied as follows: "The robot will cost $250,000. There will also be an additional $50,000 in ancillary equipment to be purchased. We'll finanee these purchases withji one-year $300,000 loan from Shark Bank and Trust Company on January 2 . I've negotiated a Topayment schedule of four equal installments on the last day of each quarter. The interest rate will be 10 percent per annum on the reducing balance basis, and interest payments will be quarterly as well." With that the meeting broke up, and the budget process was on. Portraits Unlimited Company is a manufacture of metal picture Portraits. The firm's two product lines are designated as S (small Portraits; 57 inches) and L (large Portraits; 810 inches). The primary raw materials are flexible metal strips and 9-inch by 24 -inch glass sheets. Each S Portrait requires a 2-foot metal strip; and an L. Portrait requires a 3-foot strip. Allowing for normal breakage and scrap glass, the company can get either four S Portraits or two L Portraits out of a glass sheet. Other raw materials, such as cardboard backing, are insignificant in cost and are treated as indiroct materials. lase Williams, Portraits Unlimitod's controller is in charge of preparing the master budget for 2023. She has gathered the following information: 1. Sales in the fourth quarter of 2022 are expected to be 50,000S Portraits and 40,000L Portraits. The sales manager prodicts that over the next two years, sales in each product line will grow by 5,000 mits cach quarter over the previous quarter. For example, S Portnits sales in first quarter of 2023 are expected to be 55,000 unith. 2. Portraits Unlimited Company sales tistory indicates that 60 percent of all sales are on credit, with the remainder of the sales in cach. The company's colleetion experiences shows that 80 percent of the crodit sales are collectod during the quarter in which the sale is made, while the remaining 20 percent is collected in the following quarter. 3. Tho S Portrait sells for $10, and the L Portait sells for \$15. These prices are expected to hold constant throughout 2023. 4. The production manager attempts to end each quater with encugh finishod goods inventory in each product line to cover 20 percent of the following quarter's sales. Mocoover, an attempt is made to end each quarter with 20 percent of the glass sheets nocded for the following quarter's prodaction. Assume an ending inveatory of glass sheets of 10,400 for the fourth quarter of 2023. Metal strips are purchaiced locally, the compuny beys them on a jus-in-time busis; inventory is neghigible. The opening inventory for quarter 4,2022 for boch finiahed goods and raw materials can be found by determining the desirod cnding inventory for quarrer 3,2022 based on the inventery principle provided. 5. All direct-material purchases afe made on account, and 80 percent of each quarter's purchases are paid in cash during the same quater as the purchase. The other 20 peroent is paid in the next quarter. 6. Indirect materials aro purchasied with caut as needed. Work io-process is negligible. 7. The following manufacturing overticad coits are bedgeted for 2023: 8. Projocted manufacturing costs in 2023 are as followx: 9. The following relates to past selling and administrative expenses. (Use regression unalysis to derive a cost function and use thir cost function to entimate the selling and administrative cost). 10. Jackson anticipates that dividend of 550,000 will be declared and paid in cash each quarter. 11. Portraits Unlimited Company projected balunce sheet as of December 31, 2022, follows: repare Portraits Unlimited Company master budget for each quarter of 2023 and in total for the ear by completing the following budgets and schedules: (a) Sales budget (prepare 4th quarter of 2022 as well). (8 marks) (b) Schedule of cash collected from customers. (101/2 marks) (c) Production budget (prepare 4th quarter of 2022 as well). (19 marks) (d) Direct-material budget (prepare 4th quarter of 2022 as well). (191/2 marks) (e) Schedule of cash disbursement to suppliers for direct material. (8 marks) (f) Direct labour budget