n that details the type of sales made (cash versus credit.) Requirements Prepare the following budgets for the first three months of the year, as well as a summary budget for the quarter 1. Prepare the sales budget, including a separate section that details the type of sales made (cash versus credit.) 2. Prepare the production budget 3. Prepare the direct materials purchases budget. Assume the company needs 140,000 board feet of wood for production in April. Prepare the cash collections budget for January, February, and March, as well as a summary for the first quarter. 5. Prepare the cash payments budget for direct materials purchases for the months of January, February, and March, as well as a summary for the first quarter. 4 . Print Done i Data Table - X Units October actual sales (prior year)....... November actual sales (prior year)..... December actual sales (prior year)..... January projected sales. February projected sales. March projected sales. April projected sales.. 88,000 86,000 79,000 82,000 94,000 90,000 107,000 . Print Done Home Sweet Home makes backyard birdfeeders. The company sells the birdfeeders to home imp requires 2.0 board feet of wood, which the company obtains at a cost of $6 per board foot. The co equal to 20% of the next month's production requirements. Requirement 1. Prepare the sales budget for the first three months of the year, as well as a summ Home Sweet Home Sales Budget For the Quarter Ended March 31 January February March Quarter Unit sales Multiply by: Sales price per unit Total sales revenue Cash sales Credit sales Total sales revenue Requirement 2. Prepare the production budget for the first three months of the year, as well as a sumi Home Sweet Home Production Budget For the Quarter Ended March 31 January February March Quarter Unit sales Dhe negirar ending inventary Enter any number in the edit fields and then continue to the next question 199 Home Sweet Home makes backyard birdfeeders. The company sells the birdfeeders to home improvement stores for $16 requires 2.0 board feet of wood, which the company obtains at a cost of $6 per board foot. The company would like to mair equal to 20% of the next month's production requirements Cash Collections Budget For the Quarter Ended March 31 January February March Quarter Cash sales in current month Collections on credit sales: 50% of credit sales made one month ago 30% of credit sales made two months ago 5% of credit sales made three months ago Total cash collections Requirement 5. Prepare the cash payments budget for direct materials purchases for the months of January, February, ar Review the direct materials budget prepared in Requirement 3. Home Sweet Home Cash Payments for Direct Materials Budget For the Quarter Ended March 31 January February March Quarter 55% of current month DM purchases 45% of last month's DM purchases Total cash payments Enter any number in the edit fields and then continue to the next question 199- Cash Collections Budget For the Quarter Ended March 31 January February March Quarter Cash sales in current month Collections on credit sales 60% of credit sales made one month ago 30% of credit sales made two months ago 5% of credit sales made three months ago Total cash collections Requirement 5. Prepare the cash payments budget for direct materials purchases for the months of January February, an Review the direct materials budget prepared in Requirement 3 Home Sweet Home Cash Payments for Direct Materials Budget For the Quarter Ended March 31 January February March Quhrter 55% of current month DM purchases 45% of last month's DM purchases Total cash payments Enter any number in the edit fields and then continue to the next question n that details the type of sales made (cash versus credit.) Requirements Prepare the following budgets for the first three months of the year, as well as a summary budget for the quarter 1. Prepare the sales budget, including a separate section that details the type of sales made (cash versus credit.) 2. Prepare the production budget 3. Prepare the direct materials purchases budget. Assume the company needs 140,000 board feet of wood for production in April. Prepare the cash collections budget for January, February, and March, as well as a summary for the first quarter. 5. Prepare the cash payments budget for direct materials purchases for the months of January, February, and March, as well as a summary for the first quarter. 4 . Print Done i Data Table - X Units October actual sales (prior year)....... November actual sales (prior year)..... December actual sales (prior year)..... January projected sales. February projected sales. March projected sales. April projected sales.. 88,000 86,000 79,000 82,000 94,000 90,000 107,000 . Print Done Home Sweet Home makes backyard birdfeeders. The company sells the birdfeeders to home imp requires 2.0 board feet of wood, which the company obtains at a cost of $6 per board foot. The co equal to 20% of the next month's production requirements. Requirement 1. Prepare the sales budget for the first three months of the year, as well as a summ Home Sweet Home Sales Budget For the Quarter Ended March 31 January February March Quarter Unit sales Multiply by: Sales price per unit Total sales revenue Cash sales Credit sales Total sales revenue Requirement 2. Prepare the production budget for the first three months of the year, as well as a sumi Home Sweet Home Production Budget For the Quarter Ended March 31 January February March Quarter Unit sales Dhe negirar ending inventary Enter any number in the edit fields and then continue to the next question 199 Home Sweet Home makes backyard birdfeeders. The company sells the birdfeeders to home improvement stores for $16 requires 2.0 board feet of wood, which the company obtains at a cost of $6 per board foot. The company would like to mair equal to 20% of the next month's production requirements Cash Collections Budget For the Quarter Ended March 31 January February March Quarter Cash sales in current month Collections on credit sales: 50% of credit sales made one month ago 30% of credit sales made two months ago 5% of credit sales made three months ago Total cash collections Requirement 5. Prepare the cash payments budget for direct materials purchases for the months of January, February, ar Review the direct materials budget prepared in Requirement 3. Home Sweet Home Cash Payments for Direct Materials Budget For the Quarter Ended March 31 January February March Quarter 55% of current month DM purchases 45% of last month's DM purchases Total cash payments Enter any number in the edit fields and then continue to the next question 199- Cash Collections Budget For the Quarter Ended March 31 January February March Quarter Cash sales in current month Collections on credit sales 60% of credit sales made one month ago 30% of credit sales made two months ago 5% of credit sales made three months ago Total cash collections Requirement 5. Prepare the cash payments budget for direct materials purchases for the months of January February, an Review the direct materials budget prepared in Requirement 3 Home Sweet Home Cash Payments for Direct Materials Budget For the Quarter Ended March 31 January February March Quhrter 55% of current month DM purchases 45% of last month's DM purchases Total cash payments Enter any number in the edit fields and then continue to the next