Please help me with only the below questions please?

4.HCJ's production team attempts to end each quarter with enough finished-goods inventory in each product line to cover 20 percent of the following quarters sales. Moreover, an attempt is made to end each quarter with 20 percent of the glass sheets needed for the following quarters production. Since metal strips are purchased locally, HCJ buys on a just-in-time basis; inventory is negligible.The purchase and production quantities are shown.

5.All direct-material purchases are made on account, and 80 percent of each quarters purchases are paid in cash during the same quarter as the purchase. The other 20 percent is paid in the next quarter.

6.Indirect materials are purchased as needed and paid for in cash. Work-in-process inventory is negligible.

7.Projected manufacturing costs in 20x1 are as follows:

Direct material:

Metal strips. @ $1per foot

Glass sheets: $8 per sheet

Direct labor for both products .1hour @ $20 per hour

Manufacturing overhead:.1direct-labor hour @$10 per hour

Total manufacturing cost per unit.S: $7L: $10

1. Sales budget:

2. Cash receipts budget:

3. Cash disbursements budget: (including purchases of direct materials and payments for same)

4.Summary cash budget:

Sales figures 20X0 Q4 S frame unit sales S sales price L frame unit sales x L sales price 20X1 Q1 50,000 55,000 $ 10 $ 10 40,000 45,000 $ 15 $ 15 40% Percent of sales made for cash in the quarter of sale 60% Percent of sales made on credit Collections 80% of current quarter's credit sales 20% of previous quarter's credit sales Purchases 20X0 Q4 Direct Material purchases Metal (pounds) Metal price/pound Glass sheets Total glass needed for production Plus desired ending inventory 20X1 Q1 225,000 $1 33,250 7,400 Q2 Q3 250,000 $1 275000 $1 300,000 $1 37,000 40,750 44,500 8,150 8,900 9,650 Total glass needed for production 40,650 45,150 49,650 54,150 Less beginning Glass purchases(sheets) Cost/sheet 6,650 34,000 $8 7,400 37,750 $8 8,150 41,500 $8 8,900 45,250 $8 80% of current quarter's purchases paid in the current quarter 20% of previous quarter's purchases paid in the current quarter Other expenses Direct labor: Direct-labor hours per frame Rate per direct-labor hour Manufacturing overhead: Indirect material Indirect labor Other Depreciation Predetermined overhead rate $ 0.1 $ 20 $ 0.10 $ 10,200 $ 40,800 $ 31,000 $ 20,000 10.00 per DLH DLH at $ 11,200 $ 44,800 $ 36,000 $ 20,000 $ $ $ $ $ 10 12,200 48,800 41,000 20,000 Selling and admin. expenses Payment of dividends $ $ 100,000 per quarter 50,000 per quarter Balance Sheet as of Dec 21, 20X0 Cash $ 95,000 Accounts Receivable $ 132,000 Inventory Raw Material $ 59,200 $ 167,000 Finished Goods Plant and Equipment, net $ 8,000,000 Total Assets $ 8,453,200 Accounts payable $ 99,400 Common stock $ 5,000,000 Retained earnings $ 3,353,800 Total Liabilities and equity $ 8,453,200 Prepare the following 1 Sales budget 2 Cash receipts budget 3 Cash disbursements budget 4 Summary cash budget HCJ Corporation is completing their cash budget for the following year. Th will make the acquisition on January 2 of next year, and it will take most o the production process to take full advantage of the new equipment.\" The robot will cost $1,000,000 financed with a a one-year $1,000,000 loa negotiated a repayment schedule of four equal installments on the last da The interest rate will be 10 percent, and interest payments will be quarter HCJ Corporation is a manufacturer of metal picture frames. The firm's two frames; 5 x 7 inches) and L (large frames; 8 x10 inches). The primary raw 24-inch glass sheets. Other raw materials, such as cardboard backing, are materials. Here is the provided budget information Q4 5. All direct-material purchases are made on account, and 80 percent of the same quarter as the purchase. The other 20 percent is paid in the nex 6. Indirect materials are purchased as needed and paid for in cash. Work 7. Projected manufacturing costs in 20x1 are as follows: Direct material: Metal strips. @ $1 per foot Glass sheets: $8 per sheet Direct labor for both products .1 hour @ $20 per hour Manufacturing overhead: .1 direct-labor hour @ $10 per hour Total manufacturing cost per unit . S: $7 L: $10 1. Sales budget: 2. Cash receipts budget: 3. Cash disbursements budget: (including purchases of direct materials an 4. Summary cash budget: Year 325000 $1 1,150,000 $1 48,250 170,500 10,400 10,400 58,650 207,600 9,650 49,000 $8 per hour $ 13,200 $ 52,800 $ 46,000 $ 20,000 7,400 173,500 $8 $ $ $ $ 46,800 187,200 154,000 20,000 budget for the following year. They are going to buy an industrial robot. They next year, and it will take most of the year to train the personnel and reorganize tage of the new equipment.\" with a a one-year $1,000,000 loan from My Bank and Trust Company. I've equal installments on the last day of each quarter. nterest payments will be quarterly as well tal picture frames. The firm's two product lines are designated as S (small 8 x10 inches). The primary raw materials are flexible metal strips and 9-inch by s, such as cardboard backing, are insignificant in cost and are treated as indirect e on account, and 80 percent of each quarter's purchases are paid in cash during her 20 percent is paid in the next quarter. eeded and paid for in cash. Work-in-process inventory is negligible. 1 are as follows: $20 per hour r hour @ $10 per hour 7 L: $10 purchases of direct materials and payments for same)