Purchases and Cash Disbursements Budget Review Megan's Confections manufactures specialty pies with graham cracker crusts and sells to local bakeries in the Tampa Bay area. When preparing her budget for 2022, she estimated her pie sales as follows: January 7,000 pies; February - 8,000 pies; March - 9,000 pies; and April - 9,500 pies. When she makes her pies, she likes to have at least 5% of the next month's sales on hand at the end of each month, in case she has underestimated her budget. She buys all of her ingredients from one supplier, and the ingredients cost her $3 per pie. She buys all ingredients on credit. When purchasing on credit, she pays the supplier 40% of the amount purchased within the same month, and the remaining 60% within the following month. Her accounts payable balance on 1/1/22 was $3,500. a. Prepare the production budget for Megan's Confections for the 1st quarter of 2022. chase water b. Prepare the cash disbursements budget for Megan's Confections for the 1st quarter of 2022.

Purchases and Cash Disbursements Budget Review Megan's Confections manufactures specialty pies with graham cracker crusts and sells to local bakeries in the Tampa Bay area. When preparing her budget for 2022, she estimated her pie sales as follows: January - 7,000 pies; February - 8,000 pies; March - 9,000 pies; and April 9,500 pies. When she makes her pies, she likes to have at least 5% of the next month's sales on hand at the end of each month, in case she has underestimated her budget. She buys all of her ingredients from one supplier, and the ingredients cost her $3 per pie. She buys all ingredients on credit. When purchasing on credit, she pays the supplier 40% of the amount purchased within the same month, and the remaining 60% within the following month. Her accounts payable balance on 1/1/22 was $3,500. a. Prepare the production budget for Megan's Confections for the 1st quarter of 2022. b. Prepare the cash disbursements budget for Megan's Confections for the 1st quarter of 2022. Purchases and Cash Disbursements Budget Review Megan's Confections manufactures specialty pies with graham cracker crusts and sells to local bakeries in the Tampa Bay area. When preparing her budget for 2022, she estimated her pie sales as follows: January - 7,000 pies; February - 8,000 pies; March - 9,000 pies; and April 9,500 pies. When she makes her pies, she likes to have at least 5% of the next month's sales on hand at the end of each month, in case she has underestimated her budget. She buys all of her ingredients from one supplier, and the ingredients cost her $3 per pie. She buys all ingredients on credit. When purchasing on credit, she pays the supplier 40% of the amount purchased within the same month, and the remaining 60% within the following month. Her accounts payable balance on 1/1/22 was $3,500. a. Prepare the production budget for Megan's Confections for the 1st quarter of 2022. b. Prepare the cash disbursements budget for Megan's Confections for the 1st quarter of 2022