Read the requirements.

Do not enter a zero.$)$

Cash Receipts from Customers

Requirements

Prepare a schedule of cash receipts for Graham Company for January,

February, and March. What is the balance in Accounts Receivable on March

$31?$

Prepare a revised schedule of cash receipts if receipts from sales on account

are $60\%$ in the month of the sale, $10\%$ in the month following the sale, and

$30\%$ in the second month following the sale. What is the balance in Accounts

Receivable on March $31?$Trevor Company manufactures model airplane kits. Direct materials are two ounces of plastic per kit and the plastic costs $$4$ per ounce. Indirect materials are considered insignificant

and are not included in the budgeting process. Each kit requires $0\mathrm{.}75$ hours of direct labor at an average cost of $$25$ per hour. Manufacturing overhead is allocated using direct labor

hours as the allocation base. The company has prepared the following budgets:

Jiew the budaets.

Trevor Company projects sales of $200,100,600,$ and $700$ kits for the next four quarters. Trevor Company has no kits in beginning inventory. Determine the cost per kit to manufacture the

model airplane kits. Prepare a cost of goods sold budget for the year. Round amounts to two decimal places.

Determine the cost per kit to manufacture the model airplane kits. $($Round your answers to two decimal places, $X$.$XX$.)$

Total projected manufacturing cost per kit