Part$1$

Constellation Corp. has projected production and sales in units for the three months ending $\frac{7}{31}$ ?as follows:

$\backslash$table$[[,$May,June,July$],[$Production$,140,000,120,000,110,000],[$Sales$,120,000,103,000,130,000]]$

Cash$-$related production costs are budgeted at $$17$ ?per unit produced. Of these production costs, $25\%$ ?are paid in the month in which they are incurred and the balance in the following month. Selling and administrative expenses will amount to $$95,000$ ?per month. The accounts payable balance on May $1$ ?totals $$395,000,$ ?which will be paid in May.

All units are sold on account for $$35$ ?each. Cash collections from sales are budgeted at $65\%$ ?in the month of sale, $20\%$ ?in the month following the month of sale, and the remaining $15\%$ ?in the second month following the month of sale. Accounts receivable on May $1$ ?totaled $$650,000$ ?of which $$185,000$ ?was from March's sales and the remainder from April.

Required:

Prepare a schedule for each month showing budgeted cash disbursements for the Constellation Corp. Show all figures with no decimal places. Use dollar signs for dollar figures. $(4$ ?points$)$

Prepare a schedule for each month showing budgeted cash receipts for Constellation Corp. Show all figures with no decimal places. Use dollar signs for dollar figures. $(4$ ?Points$)$

Part $2$

Constitution Company's standard and actual costs per unit for the most recent period are given below. $15,000$ ?units were actually produced.

$\backslash$table$[[,$Standard,Actual$],[$Materials:$,,],[$Standard: $5$ ?feet at $$2\mathrm{.}00$ ?per foot,$$10\mathrm{.}00,],[$Actual: $52$ ?feet at $$1\mathrm{.}80$ ?per foot,,$$9\mathrm{.}36$