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PROBLEM 911 Integration of Sales, Production, and Direct Materials Budgets [LO2] Milo Company manufactures beach umbrellas. The company is preparing detailed budgets for the third

PROBLEM 911 Integration of Sales, Production, and Direct Materials Budgets [LO2] 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 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30,000 August . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 70,000 September . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 50,000 October . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20,000 November . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10,000 December . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10,000 The selling price of the umbrellas is $12 each. b. All sales are on account. Based on past experience, sales are expected to be collected in the

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