Prepare a monthly production schedule for January through June.(Subtracted amounts should be indicated by a minus sign.)

Volt Battery Company Production Schedule
	January	February	March	April	May	June	July
Projected unit sales
Desired ending inventory
Total units required
Beginning inventory
Units to be produced

b.	Prepare a monthly summary of cash payments for January through June. Volt produced 800 units in December.

Summary Of Cash Payments
	December	January	February	March	April	May	June
Units produced
Payments:
Material cost		$	$	$	$	$	$
Labor cost
Overhead cost
Interest
Employee bonuses
Total cash payments		$	$	$	$	$	$

rev: 02_08_2016_QC_CS-40364, 02_23_2016_QC_CS-41159

Volt Battery always keeps an ending inventory equal to 120% of the next months expected sales. The ending inventory for December (Januarys beginning inventory) is 1,200 units, which is consistent with this policy.

The Volt Battery Company has forecast its sales in units as follows:

January 1,000 February 850 March 800 April1,300May 1,550June 1,700 July 1,400

Materials cost $11 per unit and are paid for in the month after purchase. Labor cost is $4 per unit and is paid in the month the cost is incurred. Overhead costs are $7,000 per month. Interest of $8,200 is scheduled to be paid in March, and employee bonuses of $13,400 will be paid in June.