I need help with questions 1-13

Accounting 320-03 Chapter 8 Master Budget Your Company makes one product and this is the first year of operations. You have been directed to prepare a budget for the first quarter using the following parameters 1. Projected sales units for the first five months 20,000, 30,000, 40,000, 35,000 ,and 40,000 sare respectively. You are to use a selling price per unit of $50.00 2. 25% of sales are collected in the month of sale and the remainder the month following 3. Ending finished goods inventory equals 10% of the following month's unit sales Each unit requires 5 pounds of raw materials at a cost of $3.00 per pound. Ending raw materials inventory equals 10% of the following month's raw materials production needs. 5. 20% of the raw material purchases are paid in the month of purchase and the reminder in the month following 6. The direct labor rate is $20.00 per hour and each unit requires .5 direct labor hours. All labor is paid in the month incurred 7. Fixed production cost total $200,000 per month of which $20,000 are non-cash costs. 8. The predetermined variable overhead rate is $5.00 perdirect labor hour 9. Variable selling expenses are $4.00 per unit and fixed selling and administrative expenses total $180,000 of which $10,000 are non-cash costs. 10. Manufacturing overhead costs and selling and administrative expenses are paid one-half in the month incurred and the balance in the month following the incurrence. Instructions: answer the following: 1. What are the expected cash collections for March 2. What is the accounts receivable balance at the end of March? 3. According to the production budget, how many units should be produced in March If 152,500 pounds of raw materials are needed to meet production in in April, how many pounds of raw materials should be purchased in March? 5. What is the estimated cost of raw materials purchases for February? 6. What are the estimated cash disbursements for raw materials purchases in March 7. What is the estimated accounts payable balance for raw materials at the end of March 8. What is the estimated unit variable cost? 9. What is the estimated unit absorption cost? 10. What is the estimated net operating income (loss) for March if the contribution margin format is used to prepare the income statement? 11. What is the estimated net operating income (loss) for March if the traditional format is used to prepare the income statement? 12. Reconcile the income computed in 11 and 12 above. What caused the difference, if any? 13. Assuming $100,000 was on hand at January 1, what was the cash balance on hand at the end of March? Assume overdrafts are allowed