Kimberly Young. Sheffield & Matthew Fabricators' accounts receivable manager, has just received the company's sales budget for the first quarter. March January February $598.000 A $676,000 Quarter Budgeted revenue $910,000 $2.184.000 The company makes all sales on credit. Kimberly recently reviewed the company's collection history and found that 72% of the sales are collected in the month of the sale. 26% of sales are collected in the month following the sale, and 2% of sales are uncollectible. The company expects to have a net accounts receivable balance of $98.200 on January 1, and this amount represents the remaining receivables from December's sales. Prepare Sheffield & Matthew's cash receipts budget for the first quarter. (Enter answers in necessary fields only. Leave other fields blank Do not enter :) Edward Lewis, Bonita & Lewis Fabricators' production manager, has just received the company's sales budget for the first quarter. January February March Quarter 21,000 30,000 32.000 83,000 Budgeted units sold Budgeted sales price Budgeted revenue $17 $17 $17 $17 $357,000 $510,000 $544,000 $1,411,000 Budgeted sales of April is 35,00d Company policy requires an ending finished goods inventory each month that will meet 20% of the following month's sales volume. Edward plans to have 2,400 finished bricks at a cost of $49.280 in inventory at the beginning of the year. Prepare Bonita & Lewis's production budget for the first quarter. January February March Prepare Bonita & Lewis's production budget for the first quarter, January February March Quarter 21000 30000 32000 83000 6000 6400 7000 19400 27000 36400 39000 102400 (2400) (6000) (6400) (14800) 24600 30400 32600 87600 e Textbook and Media Marigold's Bakery makes a variety of home-style cookies for upscale restaurants in the Atlanta metropolitan area. The company's best-selling cookie is the double chocolate almond supreme, Marigold's recipe requires 60 ounces of a commercial cookie mix, 7 ounces of milk chocolate, and 2 ounces of almonds per batch of cookies. The standard direct materials costs are $1.20 per pound of cookie mix. $12.00 per pound of milk chocolate, and $10.00 per pound of almonds. Each batch of cookies requires 1 minutes of direct labor in the mixing department and 4 minutes of direct labor in the baking department. The standard labor rates in those departments are $15.00 per direct labor hour (DLH) and $24.00 per DLH, respectively. Variable overhead is applied at a rate of $30.00 per DLH: fixed overhead is applied at a rate of $54.00 per DLH. Calculate the standard cost for a batch of Marigold's double chocolate almond supreme cookies. (Round answer to 2 decimal places.es. 3.51.) Standard cost per batch