please help i rate fast!!!

Problem 8-30 (Algo) Integration of the Sales, Production, and Direct Materials Budgets [LO8-2, L08-3, LO8-4) Milo Company manufactures beach umbrellas The company is preparing detailed 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): July 40,000 October 30,000 August 90,000 November 16,500 September 59,290 December - 17.000 The selling price of the beach umbrellas is $11 per unit b. All sales are on account. Based on past experience, sales are collected in the following pattern: 30% in the month of sale 65% in the month following sale 5% uncollectible Sales for June totaled $429,000 c. The company maintains finished goods inventores 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 material 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 Gliden on hand at the beginning and end of the quarter will be June 30 September 30 95.000 feet 7 feet end of June d Each beach umbrella requires 4 feet of Gilden a material 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 June 20 September 30 95,000 feet feet e Gilden costs 50 60 per foot. One-half of a month's purchases of Gilden is paid for in the month of purchase the remainder is paid for in the following month. The accounts payable on July 1for purchases of Gilden during June will be $51.990. 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. Regt Reg2 Req Reg 4 and 5 Rego Calculate the estimated sales, by month and in total, for the third quarter July August September Quarter Budgeted sales laster Budgeting Saved e Giiden costs $0.50 per foot. One-half of a month's purchases of Giiden is paid for in the month of purchase, the remain for in the following month. The accounts payable on July 1 for purchases of Gilden during June will be $51,990 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 quart Complete this question by entering your answers in the tabs below. Reg 1 Reg 2 Reg 3 Req 4 and 5 Reg 6 Calculate the expected cash collections, by month and in total, for the third quarter. July August September Quarter Total cash collections e Gilden costs $0.60 per foot. One-half of a month's purchases of Gilden is paid for in the month of purchase, the re for in the following month. The accounts payable on July 1 for purchases of Gilden during June will be $51.990. 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 Oct 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 Complete this question by entering your answers in the tabs below. Reg 1 Reg 2 Reg 3 Req 4 and 5 Rego Calculate the estimated quantity of beach umbrellas that need to be produced in July, August, September, and October July August September October Required production in units Saved e Gilden costs $0.60 per foot One-half of a month's purchases of Gilden is paid for in the month of purchase, the remai for in the following month. The accounts payable on July 1 for purchases of Gilden during June will be $51,990. 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 quar Complete this question by entering your answers in the tabs below. Req1 Reg 2 Reg 3 Rea 4 and 5 Reg 6 Calculate the quantity of Gilden (in feet) that needs to be purchased by month and in total, for the third quarter. Calculate the cost of the raw material (Gilden) purchases by month and in total, for the third quarter. (Round your unit cost of raw materials to 2 decimal places.) August September Quarter Total units of raw materials to be purchased Cost of raw materials to be purchased July & Req3 Req6 > e Gilden costs $0 60 per foot One-half of a month's purchases of Gilden is paid for in the month of purchase, the remainder is paid for in the following month. The accounts payable on July 1 for purchases of Gilden during June will be $51.990 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. w material Golden Complete this question by entering your answers in the tabs below. Reg1 Reg 2 Reg 3 Red 4 and 5 Reg 6 Calculate the expected cash disbursements for raw material (Gilden) purchases, by month and in total, for the third quarter. July August Total cash disbursements September Quarter