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It X i More Info In any given month, 30% of the total sales are cash sales, while the remainder are credit sales. The company's collection history indicates that 70% of credit sales is collected in the month after the sale, 20% is collected two months after the sale, 6% is collected three months after the sale, and the remaining 4% is never collected. Assume that the total cost of direct materials purchases in December was $580,000. The company pays 60% of its direct materials purchases in the month of purchase, and pays the remaining 40% in the month after purchase. Print Done X 1 Data Table Units 86,000 . 86,000 76,000 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 78,000 88,000 91,000 104,000 Print Done Bird Warehouse makes backyard birdfeeders. The company sells the birdfoeders to home improvement stores for The company would also like to maintain an ending stock of finished birdfeeders equal to 25% of the next month's $20 per birdfeeder. Each birdfeeder requires 1.0 board foot of wood, which the company obtains at a cost of $6 per sales. Sales data for the company is as follows: board foot. The company would like to maintain an ending stock of wood equal to 20% of the next month's (Click the icon to view the sales data) production requirements Click the icon to view additional data) Read the requirements Requirement 1. Prepare the sales budget for the first three months of the year, as well as a summary budget for the quarter, including a separate section that details the type of sales made (cash versus credit.) Bird Warehouse Sales Budget For the Quarter Ended March 31 Month January February March Quarter Unit sales Multiply by: Sales priceperunt Total sales revenue Cash Credits Total sales revenue Enter any number in the edit fields and then continue to the next question Bird Warehouse makes backyard birdfeeders. The company sells the birdfeeders to home improvement stores for The company would also like to maintain an ending stock of finished birdfeeders equal to 25% of the next month's $20 per birdfeeder. Each birdfeeder requires 1.0 board feet of wood, which the company obtains at a cost of $6 per sales. Sales data for the company is as follows: board foot. The company would like to maintain an ending stock of wood equal to 20% of the next month's mm Click the icon to view the sales de) production requirements Click the icon to view additional data) Read the requirements Requirement 2. Prepare the production budget for the first three months of the year, as well as a summary budget for the quarter. Bird Warehouse Production Budget For the Quarter Ended March 31 Month January February March Quarter Units Plus Desired ending inventory Total needed Loss Beginning inventory Units to produce Requirement 3. Prepare the direct materials purchases budget for the first three months of the you, as well as a summary budget for the quarter. Assume the company needs 140.000 board foot of wood for production in April (Round Enter any number in the edit fields and then continue to the next question Bird Warehouse makes backyard birdfeeders. The company els the birdfoeders to home improvement store for The company would also like to maintain an ending stock of finished birdfeeders equal to 25% of the next month's $20 per birdfeeder. Each birdfeeder requires 1.0 board feet of wood, which the company obtains at a cost of S6 per sales Sales data for the company is as follows: board foot. The company would like to maintain an ending stock of wood equal to 20% of the next month's Click the icon to view the sales data) production requirements Click the icon to view additional data.) Read the regulirements Requirement 3. Prepare the direct materials purchases budget for the first three months of the year, as well as a summary budget for the quarter. Assume the company needs 140,000 board feet of wood for production in April (Round your answers to the nearest whole dollar) Bird Warehouse Direct Materials Budget For the Quarter Ended March 31 Month January February March Quarter Units to be produced Multiply by: Quantity (board font) of DM needed per unit Quantity (board feet) needed for production Plus: Desired ending inventory of DM Total quantity (board feet) needed Less: Beginning inventory of DM Bird Warehouse makes backyard birdfeeders. The company sells the birdfeeders to home improvement stores for The company would also like to maintain an ending stock of finished birdfeeders equal to 25% of the next month's $20 per birdfeeder. Each birdfeeder requires 1.0 board feet of wood, which the company obtains at a cost of 86 per sales Sales data for the company is as follows board foot. The company would like to maintain an ending stock of wood equal to 20% of the next month's (Click the icon to view the sales data.) production requirements Click the icon to view additional data) Read the moments January February March Quarter Units to be produced Multiply by: Quantity (board feet) of DM needed per unit Quantity board foot needed for production Plus: Desired ending inventory of DM Total quantity (board feet) needed Less: Beginning inventory of OM Quantity board foot) to purchase Multiply by Cost per board foot Total cost of purchases Requirement 4. Prepare the cash collections budget for January, February, and March, as well as a summary for the first quarter. (Round your answers to the nearest whole dollar) Review the sales budget prepared in Requirement1 Bird Warehouse makes backyard birdfeeders. The company sells the birdfeeders to home improvement stores for The company would also like to maintain an ending stock of finished birdfeeders equal to 25% of the next month's $20 per birdfeeder. Each birdfeeder requires 1.0 board feet of wood, which the company obtains at a cost of $6 per sales. Sales data for the company is as follows board foot. The company would like to maintain an ending stock of wood equal to 20% of the next month's (Click the loon to view the sales data.) production requirements Click the icon to view additional data.) Read the requirements Requirement 4. Prepare the cash collections budget for January February, and March, as well as a summary for the first quarter. (Round your answers to the nearest whole dollar) Review the sales budget prepared in Requirement 1. Bird Warehouse Cash Collections Budget For the Quarter Ended March 31 Month January February March Quarter Cash sale in current month Collections on credit sales 70% of credit sales made one month ago 20% of credit sales made two months ago 6% of credit sales made three months ago Total cash collections nu Bird Warehouse makes backyard birdfeeders. The company sells the birdfeeders to home improvement stores for The company would also like to maintain an ending stock of finished birdfeeders equal to 25% of the next month's $20 per birdfeeder. Each birdfeeder requires 1.0 board feet of wood, which the company obtains at a cost of $6 per sales. Sales data for the company is as follows: board foot. The company would like to maintain an ending stock of wood equal to 20% of the next month's Click the loon to view the sales data) production requirements Click the icon to view additional data.) Read the requirements 6% 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, and March, as well as a summary for the first quarter. Review the direct material budget prepared in Requirement Bird Warehouse Cash Payments for Direct Materials Budget For the Quarter Ended March 31 Month January February March Quarter 60% of current month OM purchases 40% of last month's DM purchases Totalcash payments Enter any number in the edit fields and then continue to the next