Question : 1 Budgeted Sales April (Actual) S7200,000 May 8400,000 June 1 020,000 July 1.080,000 August 600,000 September 900,000 Additional information Cash Sales 40% Credit sales (Collected the following month) 60% Prepare Sales Budget and Cash Collection from customers from May to August Solution: Schedule a Sales Budget Code Sales Schedule b. Cash Collection from Customers Collection Price month Tool Collection Question-2: A manufacturing Company provided the following information Budgeted Sales December (Actual) S480,000 January 560,000 February 680,000 March 720,000 April 400,000 May 600,000 Additional Information: a) Gross Profit rate 40% b) Minimum inventory policy as percent of next month's cost of goods sold 40% c) Inventory paid for in Month purchased 50% Month after purchase 50% d) Accounts payable (December) S 146,400, Prepare Purchases Budget and Cash Disbursement for purchases from January to April Schedule c. Purchases Budget Desired Ending very Plus Costa Talde Les Beginning lovely Toalhas Schedule-d. Cash Disbursement for Purchases Question-3: Schedule e and f: Prepare Operating Expenses and disbursement for expenses from the given information: Budgeted Sales September (Actual) $ 1,0800,000 October 1,260,000 November 1,530,000 December 1,620,000 January 2020 900,000 Budgeted Expenses (per month) i. Salaries and wages ii. Freight out as per percentage of sales iii. Advertising iv. Depreciation v. Other Expenses as a percent of sales $ 135,000 8% $ 100,000 $ 40,000 10% Show schedules for Oct to Dec 2019 Solution: Schedule e and f: Operating Expenses and disbursement for expenses Cash Expenses