On March 1 of the current year, Scooter's Catch-A-Ride Corporation compled infomation to prepare a cash budget for March, April, and May. All of the company's sales are made on account. The following information has been provided by Scooter's management: The company's colkction activfy on credt sales historically has been as follows:- Scooter's total cash expenditures for March. Apri, and May have been estimased at E1,488.000 (an average of C496.000 per menth). Its cash balance on March 1 of the current year is {240,000. No financing of investing activises are antichased during the second quartar. - Compule Spicer's budgeted cash balance at the ends of March, April, and May - What conclusions can you extract from the cash forecast for the next quarter? - How can the cash forecast be impeoved? (reporting and analyeis) Exnecises {36 marks) Pandora Hardwood Products uses standard costs in a process cost system. At the end of the current month. the following information is prepared by the company's coss accountant: The sotal standard cost per uniz of frished product is 530 . During the current month, 9.000 units were compleled and transferred to the finished goods invertory and 8.800 units were sold. The inveritory of work in process at the end of the month consists of 1.000 units that are 65 percent complete. There was no inventory in process at the beginning of the month. Instrustions a) Prepare joumal entries to recond all variances and the costs incurred (at standard) in the Work in Process acoount as separate compound ontries for (1) direct materiass, (2) direct labor, and (3) manutacturing overtuad. b) Prepare joumal entries to recond (1) the transler of units finished to the Finished Goods inventory account and (2) the Cost of Coods Sold (at standard) for the month. c) Assuming that the company operaned at 90 percent of its nomal cagacity during the curent month. what is the amount of the budgoted foxed manutacturing owerhead per month