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* i need help with 4,5,6* Complete this question by entering your answers in the tabs below. Calculate the estimated quantity of beach umbrellas that
* i need help with 4,5,6*
Complete this question by entering your answers in the tabs below. Calculate the estimated quantity of beach umbrellas that need to be produced in July, August, September, and Octob Complete this question by entering your answers in the tabs below. 4. Calculate the quantity of Gilden (in feet) that needs to be purchased by month and in total, for the third quart S. Calculate the cost of the raw material (Gilden) purchases by month and in total, for the third quarter: Calculate the expected cash collections, by month and in total, for the third quartel Complete this question by entering your answers in the tabs below. Calculate the expected cash disbursements for raw material (Gilden) purchases, by month and in total, for th Milo Company manufactures beach umbrellas. The company is preparing detalled budgets for the third quarter and has assembled the ollowing information to assist in the budget preparation a. The Marketing Department has estimated sales as follows for the remainder of the year (in units): The seling price of the beach umbrelias is $12 per unit. b. All sales are on account Based on past experience, sales are collected in the following pattern 3ax in the nonth of sale 655 in the nonth following sale 5x uncoliectiole Sales for June totaled $408,000 c. The company maintains finished goods inventories equal to 15% of the following month's sales. This requirement will be met at the end of June. d. Each beach umbrelia requires 4 feet of Gilden, a materlai that is someumes hard to acquire Therefore, the company requires that the ending inventory of Gilden be equal to 50% of the following month's production needs. The inventory of Giden on hand at the beginning and end of the quarter will be June -30 Septenber 30 89,250feet7feet e. Gidien costs $060 per foot One-half of a month's purchases of Giden is paid for in the month of purchase; the remainder is paid for in the following month. The accounts payable on July 1 for purchasf of Gilden during June wil be $47,490. Required: 1. Calculate the estimated sales, by month and in total, for the third quarter 2 Calculate the expected cash collections, by month and in total, for the third quartet 3 Calculate the estimated quantity of beach umbrellas that need to be produced in July, August, September, and October 4 . Calculate the quantity of Gliden (in feet) that needs to be purchased by month and in total, for the third quarter 5. Calculate the cost of the raw materlal (Gilden) purchases by month and in total, for the third quarter 6. Calcuiate the expected cash disbursements for raw materlar (Guden) putchases, by month and in total, for the third quarter Complete this question by entering your answers in the tabs below. Calculate the estimated sales, by month and in total, for the third quarter Step by Step Solution
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