Lahser Corp. produces component parts for durable medical equipment manufacturers. The controller is building a master budget for the first quarter of the upcoming calendar year. Selected information from the accounting records is presented next:

a. Accounts Receivable as of January 1 are $49,000. Selling price per unit is projected to remain stable at $14 per unit throughout the budget period. Sales for the first six months of the upcoming year are budgeted to be as follows:

January$99,400

February$118,000

March$112,500

April$109,600

May$104,700

June$121,400

b. Sales are 30% cash and 70% credit. All credit sales are collected in the month following the sale.

c. Lahser Corp. has a policy that states that each month's ending inventory of finished goods should be 10% of the following month's sales (in units).

d. Three pounds of direct material is needed per unit at $2.20 per pound. Ending inventory of direct materials should be 20% of next month's production needs.

e. Monthly manufacturing overhead costs are $5,410 for factory rent, $2,900 for other fixed manufacturing costs, and $1.10 per unit produced for variable manufacturing overhead. All costs are paid in the month in which they are incurred.

1.How would I find budgeted cash collections for first and second quarter?

2 how would I find the budgeted direct materials cost for first quarter?

3 how would I find the budgeted manufacturing overhead for the first quarter?