Laura Kevin, Bramble & Jason Fabricators' purchasing manager, has just received the company's production budget for the first quarter. January February March Quarter 21,000 28.000 30,000 79.000 8.400 9,000 10.200 10.200 Budgeted unit sales + Budgeted ending inventory Total units required - Beginning inventory 29.400 37,000 40,200 89.200 3,000 8,400 9,000 3.000 26,400 28,600 31,200 86,200 Budgeted production Budgeted sales for Aprilis 34.000 units and for May is 26,000 units. - mount of clay in the coming year. Company policy requires an Budgeted sales for Aprilis 34.000 units and for May is 26,000 units. Each brick requires 6 pounds of clay, and Laura expects to pay $1.50 per pound of clay in the coming year. Company policy requires an ending direct materials inventory each month that will meet 10% of the following month's production needs. Company policy requires an ending finished goods inventory each month that will meet 30% of the following month's sales volume. Laura expects to have 15,000 pounds of day at a cost of $22,500 in inventory at the beginning of the year, Prepare Bramble & Jason's direct materials purchases budget for the first quarter. (Enter price per pound to 2 decimal places, es 5275) January February March > > - 13 January February March Beginning inventory Budgeted ending inventory Budgeted production Budgeted purchases (ib.) Budgeted purchases cost Production needs Standard cost per pound Standard pounds per unit Total DM required (bs.) $ $ $ $ Oriole & Crane Fabricators produces commemorative bricks that organizations use for fundraising projects. Paul Oriol, the company's vice president of marketing, has prepared the following sales forecast for the first six months of the coming year. The company plans to sell the bricks for $24 each. January April May June February March 28,000 $2,000 25,000 34.000 26,000 35,000 Oriole & Hill Fabricators' marketing department has identified the following monthly expenses that will be needed to support the company's sales and administrative functions. Depreciation $14,000 Sales staff salaries $29.000 Advertising $2,300 Executive salaries $36.000 Oriole & Hill Fabricators' marketing department has identified the following monthly expenses that will be needed to support the company's sales and administrative functions. Depreciation $14,000 Sales staff salaries $29.000 Advertising $2,300 Executive salaries $36.000 Miscellaneous $1.600 In addition to these monthly expenses, the company will pay a commission to its salespeople equal to 8% of the sales revenue from each brick sold. The company expects bad debt expense to be 2% of sales revenue. Prepare Oriole & Hill's selling and administrative expense budget for the first quarter of the coming year. January February March $ Commission Depreciation Bad Debt Expense Sales Staff Salaries Miscellaneous Advertising Executive Salaries LA S $ In the coming year, Sunland, Inc. will be introducing its first product, a wrist brace that protects serious video games from repetitive motion injuries. The brace will be sold for $15.00 to retailers throughout the country. All sales will be made on account. An expected 65% of sales will be collected within the quarter of the sale, and another 30% in the quarter following the sale. The remaining 5% of credit sales are expected to be uncollectible. The sales budget for the coming year is as follows: 1st Quarter 26,000 2nd Quarter 40,000 3rd Quarter 4th Quarter 50,000 83.000 Budgeted sales units Prepare Sunland, Inc's cash receipts budget for the coming year. (Enter answers in necessary fields only. Leave other fields blank. Do not enter 0. Round "Budgeted sale price" and "Cash Receipts Budgets" answers to 2 decimal places, eg. 52.75 and all other answers to decimal places, eg. 5,275.) Sales Budget 3rd Quarter 2nd Quarter 1st Quarter 4th Quart Prepare Sunland, Inc's cash receipts budget for the coming year. (Enter answers in necessary fields only. Leave other fields blank. Do not enter 0. Round "Budgeted sale price" and "Cash Receipts Budgets answers to 2 decimal places, es, 52.75 and all other answers to decimal places, eg. 5,275) Sales Budget 4th Quart 3rd Quarter 2nd Quarter 1st Quarter Budgeted units sold $ $ $ Budgeted sales price $ $ $ $ Budgeted sales revenue 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter 1st quarter sales $ $ 2nd quarter sales 3rd quarter sales 4th quarter sales Totals $ $ $ Determine the Net Accounts Receivable at the end of the year. Net Accounts Receivable $ 46F ORE earch