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need help with this. On part A, how would i get 65% for production costs prior month? and how would i get total disbursements? Please

need help with this. On part A, how would i get 65% for production costs prior month? and how would i get total disbursements? Please show step by step solutions. Thank you so much for your help. image text in transcribed
Tilson Corporation has projected sales and production in units for the second quarter of the coming year as follows: . April 50,000 60,000 May 40,000 50,000 June 60,000 50,000 Sales Cash-related production costs are budgeted at $8 per unit produced. Of these production costs, 35% are paid in the month in which they are incurred and the balance in the following month. Selling and administrative expenses will amount to $80,000 per month. The accounts payable balance on March 31 totals $179,000, which will be paid in April. All units are sold on account for $14 each. Cash collections from sales are budgeted at 75% in the month of sale, 15% in the month following the month of sale, and the remaining 10% in the second month following the month of sale. Accounts receivable on April 1 totaled $488,000 (S98,000 from February's sales and $390,000 from March's sales). Required: a. Prepare a schedule for each month showing budgeted cash disbursements for Tilson Corporation. b. Prepare a schedule for each month showing budgeted cash receipts for Tilson Corporation. Prepare a schedule for each month showing budgeted cash disbursements for Tilson Co ion June $400,000 Ma $480, $400,000 Production cost $168,000 $140,000 $140,000 179,0 312,000| 260,000 Production costs prior month (65.0% Selling and administrative 80,000 80,00080,000 Total $427,000 $532,000 $480,000 budgeted cash receipts for Tilson Corporation. Prepare a schedule for each month sho Ma Total sales $700,000$560,000 $840,000 Cash receipts $98,000 .234,0 0 ./:S1 56,000 March sales April sales May sales June sales Total receipts 105,000 $70,000 420,000 84,000 630,000 $857,000 S681,000 $784,000 525,000

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