Milo Company manufactures beach umbrellas. The company is preparing detailed budgets for the third quarter and has assembled the following information to assist in the budget preparation a. The Marketing Department has estimated sales as follows for the remainder of the year (in units) July August September 37,900 84,000 53,000 October November December 27,000 13,500 14,890 The selling price of the beach umbrellas is $11 per unit b. All sales are on account Based on post experience, sales are collected in the following pattern Box in the month of sale 65% in the month following sale Collectible Soles for June totaled $363.000 The company maintain finished goods inventores equal to 15% of the following month's sales. This requirement will be met at the and of June d Ench beach umbrella requires feet of Gulden, o material that is sometimes hard to acquire. Therefore, the company requires that the coding inventory of Giden be equal to 50% of the following months production needs. The inventory of Gilden on hand at the Deginning and end of the quarter will be June 30 September 30 88,108 feet ? feet e Gilden costs $0.80 per foot. One-half of a month's purchases of Gilden is paid for in the month of purchase, the remainder is paid for in the following month. The accounts payable on July 1 for purchases of Gilden during June will be $62,120. 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 quarter 3. Calculate the estimated quantity of beach umbrellos that need to be produced in July, August, September, and October 4 Calculate the quantity of Gilden (in feet) that needs to be purchased by month and in total for the third quarter. 5. Calculate the cost of the raw material (Gilden) purchases by month and in total, for the third quarter 6. Calculate the expected cath disbursements for raw material (Gilden) purchases, by morith and in total, for the third quarter Complete this question by entering your answers in the tabs below. Reg 1 Reg 2 Req3 Red 4 and 5 Rego Calculate the estimated sales, by month and in total, for the third quarter July August September Quarter Budget RM2> September 30 2 feet e. Gilden costs $0.80 per foot One-half of a month's purchases of Gilden is paid for in the month of purchase, the remainder is paid for in the following month. The accounts payable on July 1 for purchases of Gilden during June will be $62,120. 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 quarter. 3. Calculate the estimated quantity of beach umbrellas that need to be produced in July, August September, and October. 4. Calculate the quantity of Gilden (in feet) that needs to be purchased by month and in total, for the third quarter 5. Calculate the cost of the raw material (Gilden) purchases by month and in total, for the third quarter. 6. Calculate the expected cash disbursements for raw material (Gilden) purchases, by month and in total, for the third quarter Complete this question by entering your answers in the tabs below. Reg 1 Reg 2 Reg 3 Reg 4 and 5 Reg 6 Calculate the expected cash collections, by month and in total, for the third quarter, August September Quarter Total cash collections 1 of 3 H Next > e. Gilden costs $0.80 per foot One-half of a month's purchases of Gilden is paid for in the month of purchase the remainder is paid for in the following month. The accounts payable on July 1 for purchases of Gilden during June will be $62,120 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 quarter. 3. Calculate the estimated quantity of beach umbrellas that need to be produced in July August September, and October 4. Calculate the quantity of Gilden (in feet) that needs to be purchased by month and in total, for the third quarter. 5. Calculate the cost of the raw material (Gilden) purchases by month and in total, for the third quarter 6. Calculate the expected cash disbursements for raw material (Gilden) purchases, by month and in total, for the third quarter Complete this question by entering your answers in the tabs below. ROOI Rea 2 Regal Req 4 and 5 Reg 5 Calculate the estimated quantity of beach umbrellas that need to be produced in July, August September, and October July August Septomber October Requited production in units Ulaunchun=ht 52Fnewconnect.mheduca er 8 Saved e Gilden costs $0.80 per toot. Une-nait of a month's purchases of Gilden is paid for in the month of purchase, the remainder is paid for in the following month. The accounts payable on July 1 for purchases of Gilden during June will be $62,120. 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 quarter 3. Calculate the estimated quantity of beach umbrellas that need to be produced in July, August, September, and October 4. Calculate the quantity of Gilden (in feet) that needs to be purchased by month and in total, for the third quarter. 5. Calculate the cost of the raw material (Gilden) purchases by month and in total, for the third quarter 6. Calculate the expected cash disbursements for raw material (Gilden) purchases, by month and in total, for the third quarter. Complete this question by entering your answers in the tabs below. I Rea 1 Reg2 Reg 3 Reg 4 and 5 Reg 5 Calculate the quantity of Gilden (in feet) that needs to be purchased by month and in total, for the third quarter. Calculate the cost of the raw material (Gilden) purchases by month and in total, for the third quarter. (Round your unit cost of row materials to 2 decimal place) July August September Quarter Total units of raw materials to be purchased Couto waters to be purchased 1 or Next > e. Gliden costs $0.80 per toot. One-half of a month's purchases of Gilden is paid for in the month of purchase, the remainder is paid for in the following month. The accounts payable on July 1 for purchases of Gilden during June will be $62,120, 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 quarter. 3. Calculate the estimated quantity of beach umbrellas that need to be produced in July, August, September, and October 4. Calculate the quantity of Gilden (in feet) that needs to be purchased by month and in total, for the third quarter. 5. Calculate the cost of the raw material (Gilden) purchases by month and in total, for the third quarter 6. Calculate the expected cash disbursements for raw material (Gilden) purchases, by month and in total, for the third quarter. Complete this question by entering your answers in the tabs below. Reg1 Reg 2 Reg 3 Req 4 and 5 Reg 6 Calculate the expected cash disbursements for raw material (Gliden) purchases, by month and in total, for the third quarter. July August September Quarter Total cash disbursements ( Req 4 and 5 Next >
