Question 3. (30 marks)

For the first quarter of the following year Ronaldo Company has projected sales and production in units as follows:

Jan

Feb

Mar

Sales

38,000

41,000

45,000

Production

50,000

48,000

46,000

Cash-related production costs are budgeted at $8 per unit produced. Of these production costs, 40% are paid in the month in which they are incurred and the balance in the next month. $80,000 per month will account for Selling and administrative expenses. On January 31, the accounts payable balance totals $150,000, which will be paid in February.

All units are sold on account for $15 each. Cash collections from sales are budgeted at 60% in the month of sale, 20% in the month following the month of sale, and the remaining 15% in the second month following the month of sale. On January 1 accounts receivable totaled $0.

Submission Instructions:

Prepare a schedule for each month showing budgeted cash disbursements for Ronaldo Company.

Prepare a schedule for each month showing budgeted cash receipts for Ronaldo Company.

Question 3. (30 marks) For the first quarter of the following year Ronaldo Company has projected sales and production in units as follows: Feb Mar Jan Sales 38,000 Production 50,000 41,000 48,000 45,000 46,000 Cash-related production costs are budgeted at $8 per unit produced. Of these production costs, 40% are paid in the month in which they are incurred and the balance in the next month. $80,000 per month will account for Selling and administrative expenses. On January 31, the accounts payable balance totals $150,000, which will be paid in February. All units are sold on account for $15 each. Cash collections from sales are budgeted at 60% in the month of sale, 20% in the month following the month of sale, and the remaining 15% in the second month following the month of sale. On January 1 accounts receivable totaled $0. Submission Instructions: 1. Prepare a schedule for each month showing budgeted cash disbursements for Ronaldo Company 2. Prepare a schedule for each month showing budgeted cash receipts for Ronaldo Company. Review View Help Tell me what you want to do A A Editing B 1 U A Part A: Given the following information prepare a schedule that calculates the full cost of the road bike using activity base costing Question 3. (30 marks) For the first quarter of the following year Ronaldo Company has projected sales and production in units as follows: Jan Feb Mar Sales Production 38,000 50,000 41,000 48,000 45,000 46,000 Cash-related production costs are budgeted at $8 per unit produced. Of these production costs, 40% are paid in the month in which they are incurred and the balance in the next month. $80,000 per month will account for Selling and administrative expenses. On January 31, the accounts payable balance totals $150,000, which will be paid in February All units are sold on account for $15 each. Cash collections from sales are budgeted at 60% in the month of sale, 20% in the month following the month of sale, and the remaining 15% in the second month following the month of sale. On January 1 accounts receivable totaled SO, Submission Instructions: 1. Prepare a schedule for each month showing budgeted cash disbursements for Ronaldo Company. 2. Prepare a schedule for each month showing budgeted cash receipts for Ronaldo Company