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Q Inc. manufactures one product. Data on the Company's operations follow: Budgeted sales in units: 20,000 in July, 30,000 in August, and 40,000 for September.
Q Inc. manufactures one product. Data on the Company's operations follow: Budgeted sales in units: 20,000 in July, 30,000 in August, and 40,000 for September. The unit sales prices is $20 All sales are credit sales; 50% percent are collected in the month of sale; 40% in the month following the sale; and 10% two months after the month of sale. Desired ending inventory is equal to 10% percent of the following month's sales in units Budgeted raw materials purchases for June is $50,000; for July is $60,000; and for August is $70,000 All purchases of raw materials are on account; 60% of raw materials purchases are paid in the same month; 30% in the month following the purchase; and 10% two months following the purchase. 8-3 (1 point) Compute the total required production in units for the month of July 8-2 (1 point) Compute the total expected cash collections for the month of September 8-2 (1 point) Compute the total cash disbursement for raw materials purchases for the month of August
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