Prepare the DM purchases budget for the month of March and the full Quarter:

With budgeted sales as the starting point for the entire process, the management team agrees that the following levels present the most likely scenario for the first five months of the upcoming year. In addition to sales volume, many other specifics are required in order to complete the company's operating budgets. Key details associated with prices, costs, and usage are as follows. Budgeted selling price is $500 per mantel. Each mantel measures 3 inches 12 inches 4 feet. - Target ending inventory of finished mantels is 20% of next month's budgeted sales. However, beginning inventory on January 1 is expected to be only 39 units. - Waterway' primary DM, rough-cut cedar, is purchased from the supplier already at the desired height and depth (3 inches high, 12 inches deep). Waterway cuts the cedar planks to the desired 4-foot lengths. Each rough-cut board costs Waterway $50 per foot - Target ending DM imventory (rough-cut cedar) is 50% of next month's production needs. - DL to sand, stain, and treat the rough-cut cedar costs $20 per hour. Each mantel requires one hour of labor time. - MOH resources include variable costs budgeted to be $10 board foot, plus budgeted monthly Fixed MOH costs of $4,100. Depreciation of $1,800 is included in that monthly fixed cost. - SGEA costs are also broken down into their variable and fixed components: budgeted variable SGQA costs are $50/ /unit sold, while budgeted fixed monthly SGSA costs are $61,000, which includes $7,500 of depreciation. - All sales are made on account, with 25% paying in the month of sale and 70% pirying in the month following the sale. The remainder is considered uncollectible. December sales in the prior year were budgeted to be $233,000. - Begmning finished goods inventory was held at a cost of $270/ unit from the prior year. Prepare the Sales forecast (and corresponding schedule of cash receipts) for Waterway Corp. Prepare the Sales forecast (and corresponding schedule of cash receipts) for Waterway Corp. Prepare the production budget for Waterway Corp. Prepare the production budget for Waterway Corp. Prepare the DM purchases budget for Waterway Corp. Attempts: 3 of 4 used Prepare the DM purchases budget for Waterway Corp