need urgent help for requirement 4 to 6
Milo Company manufactures beach umbrellas. The company is preparing detalled 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): The selling price of the beach umbrellas is $12 per unit. b. All sales are on account. Based on past experlence, sales are collected in the following pattern: 30% in the month of sale 65\% in the nonth following sale 58 uncollectible Sales for June totaled $336,000. c. The company maintains finished goods inventories equal to 15% of the following month's sales. This requirement will be met at the end of June. d. Each beach umbrella requires 4 feet of Gilden, a materlal that is sometimes hard to acquire. Therefore, the company requires that the ending inventory of Gilden be equal to 50% of the following month's production needs. The inventory of Gilden on hand at the beginning and end of the quarter will be: June30Soptember1682,350feetfreet The selling price of the beach umbrellas is $12 per unit. b. All sales are on account. Based on past experience, sales are collected in the following pattern 10% in the month of sale 655 in the month following sale. sx vecollactible Sales for June totaled $336.000. c. The company maintains finistied goods inventories equal to 154 of the folowing month's sales. This requrement wil be mat at the end of June. d. Each beach umbrella requires 4 feet of Giden, a materlal that is sometimes hard to acpuitr. Therefore, the company requlies that the ending inventory of Gilden be equal to 50% of the following month's producticn needs The inventaily of Gidet on thand at the beginning and end of the quarter will be: e. Cliden costs 50 . 80 per foot. Onehalf of a montr's purchases of cildee is paid for in the month of purchase, ihe remainder is paid for in the following month. The accounts poyatie on July 1 tor purchases of Glden duing Junemill be $56.120. 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. Calculate the estimated sales, by monthjand in total, for the third quarter. 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 feel) 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 materlal (Gilden) purchases, by month and in total, for the third quarter. Complete this question by entering your answers in the tabs below. Calculate the expectod cash collections, by month and in total, for the third quarter. Required: 1. Calculate the estimated sales, by month and in total, for the third quarter: 2. Cakulate 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 materlal (Gilden) purchases, by month and in total, for the third quarter: Complete this question by entering your answers in the rabs below: Calculate the estimated quantity of beach umbrellas that need to be produced in july, August, September, and October. 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 quartec. 5. Calculate the cost of the raw matertal (Galden) 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. 4. Calculate the quantity of Gilden (in feet) that needs to be purchased by month and in total, for the third quartec. 5. Calculite the cont of the raw motenal (Gilden) purchases by month and in total, for the third quarter. 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. Calculate the expicted cach disbursements for raw material (Gilden) purchases, by month and in total, for the third quarter