req 1-5 please, I will rate and comment on answer afterwards
Feathered Friends makes backyard birdfeeders. The company sells the birdfeeders to home improvement stores for $10 per birdfeeder. Each birdfeeder requires 2.0 board feet of wood, which the company obtains at a cost of $5 per board foot. The company would like to maintain an ending stock of wood equal to 15% of the next month's production requirements. The company would also like to maintain an ending stock of finished birdfeeders equal to 10% of the next month's sales. Sales data for the company is as follows: (Click the icon to view the sales data.) A (Click the icon to view additional data.) Read the requirements Requirement 1. Prepare the sales budget for the first three months of the year, as well as a summary budget for the quarter, including a separate section that details the type of sales made (cash versus credit.) X - - Feathered Friends Sales Budget For the Quarter Ended March 31 Month * X Data Table More Info January February March Quarter Units In any given month, 20% of the total sales are cash sales, while the remainder are credit sales. Unit sales Multiply by: Sales price per unit Total sales revenue October actual sales (prior year) ........ November actual sales (prior year) ...... December actual sales (prior year) ...... January projected sales February projected sales March projected sales... April projected sales .... 93,000 83.000 74,000 84,000 95,000 99,000 106,000 The company's collection history indicates that 60% of credit sales is collected in the month after the sale, 30% is collected two months after the sale, 5% is collected three months after the sale, and the remaining 5% is never collected. Cash sales Credit sales Assume that the total cost of direct materials purchases in December was $600,000. The company pays 40% of its direct materials purchases in the month of purchase, and pays the remaining 60% in the month after purchase. Total sales revenue Requirement 2. Prepare the production budget for the first three months of the year, as well as a summary budget for the quarter. Print Done Print Done Feathered Friends Production Budget For the Quarter Ended March 31 Credit sales i Data Table Total sales revenue Requirement 2. Prepare the production budget for the first three months of the year, as well as a summary budget for the quarter. In any given month, 20% of the total sales are cash sales, while the remainder are credit sales. Feathered Friends Production Budget For the Quarter Ended March 31 Month January February The company's collection history indicates that 60% of credit sales is collected in the month after the sale, 30% is collected two months after the sale, 5% is collected three months after the sale, and the remaining 5% is never collected. October actual sales (prior year) ........ November actual sales (prior year) ...... December actual sales (prior year) ...... January projected sales .......... February projected sales March projected sales. April projected sales.................. Units 93,000 83,000 74,000 84,000 95,000 99,000 106,000 March Quarter Unit sales Assume that the total cost of direct materials purchases in December was $600,000. The company pays 40% of its direct materials purchases in the month of purchase, and pays the remaining 60% in the month after purchase. Plus: Desired ending inventory Total needed Less: Beginning inventory Print Done Print Done Units to produce Requirement 3. Prepare the direct materials purchases budget for the first three months of the year, as well as a summary budget for the quarter. Assume the company needs 130,000 board feet of wood for production in April. (Round your answers to the nearest whole dollar.) Feathered Friends Direct Materials Budget For the Quarter Ended March 31 Less: Beginning inventory Units to produce Requirement 3. Prepare the direct materials purchases budget for the first three months of the year, as well as a summary budget for the quarter. Assume the company needs 130,000 board feet of wood for production in April. (Round your answers to the nearest whole dollar.) X i Data Table * More Info Feathered Friends Direct Materials Budget For the Quarter Ended March 31 Month In any given month, 20% of the total sales are cash sales, while the remainder are credit sales. January February March October actual sales (prior year) ........ November actual sales (prior year)...... December actual sales (prior year) ....... January projected sales February projected sales .......... March projected sales. April projected sales Units to be produced Multiply by: Quantity (board feet) of DM needed per unit Quantity (board feet) needed for production Plus: Desired ending inventory of DM Total quantity (board feet) needed Less: Beginning inventory of DM Quantity (board feet) to purchase Multiply by: Cost per board foot Total cost of DM purchases Units 93,000 83,000 74,000 84.000 95,000 99,000 106,000 The company's collection history indicates that 60% of credit sales is collected in the month after the sale, 30% is collected two months after the sale, 5% is collected three months after the sale, and the remaining 5% is never collected. Assume that the total cost of direct materials purchases in December was $600,000. The company pays 40% of its direct materials purchases in the month of purchase, and pays the remaining 60% in the month after purchase. Print Done Print Done Requirement 4. Prepare the cash collections budget for January, February, and March, as well as a summary for the first quarter. (Round your answers to the nearest whole dollar.) Feathered Friends makes backyard birdteeders. The company sells the birdteeders to home improvement stores for $10 per birdteeder. Each birdfeeder requires 2.0 board feet of wood, which the company obtains at a cost of $5 per board foot. The company would like to maintain an ending stock of wood equal to 15% of the next month's production requirements. The company would also like to maintain an ending stock of finished birdteeders equal to 10% of the next month's sales. Sales data for the company is as follows: (Click the icon to view the sales data) (Click the icon to view additional data.) More Info - X Read the requirements. Quantity (board feet) to purchase Multiply by: Cost per board foot In any given month, 20% of the total sales are cash sales, while the remainder are credit sales. Total cost of DM purchases Requirement 4. Prepare the cash collections budget for January, February, and March, as well as a summary for the first quarter. (Round your answers to the nearest whole dollar.) The company's collection history indicates that 60% of credit sales is collected in the month after the sale, 30% is collected two months after the sale, 5% is collected three months after the sale, and the remaining 5% is never collected. Data Table Units Assume that the total cost of direct materials purchases in December was $600,000. The company pays 40% of its direct materials purchases in the month of purchase, and pays the remaining 60% in the month after purchase. Review the sales budget prepared in Requirement 1. Feathered Friends Cash Collections Budget For the Quarter Ended March 31 Month January February Cash sales in current month Collections on credit sales: 60% of credit sales made one month ago 30% of credit sales made two months ago March Quarter year) ...... Print Done October actual sales (prior year) .......... November actual sales (prior year) ....... December actual sales (prior year) January projected sales February projected sales ........ March projected sales. April projected sales 93,000 83,000 74,000 84,000 95,000 99,000 106,000 5% of credit sales made three months ago Print Done Total cash collections Doc + 5 Draar baadab Santa bundant for directatorialeurobon for the anthof Tan Cab a d Marab walau a foruba first actor Feathered Friends makes backyard birdfeeders. The company sells the birdfeeders to home improvement stores for $10 per birdfeeder. Each birdfeeder requires 2.0 board feet of wood, which the company obtains at a cost of $5 per board foot. The company would like to maintain an ending stock of wood equal to 15% of the next month's production requirements. The company would also like to maintain an ending stock of finished birdfeeders equal to 10% of the next month's sales. Sales data for the company is as follows (Click the icon to view the sales data.) (Click the icon to view additional data.) Read the requirements Review the sales budget prepared in Requirement 1. i Feathered Friends Cash Collections Budget For the Quarter Ended March 31 Data Table i - More Info X Month In any given month, 20% of the total sales are cash sales, while the remainder are credit sales. January February March Quarter Cash sales in current month Collections on credit sales: 60% of credit sales made one month ago 30% of credit sales made two months ago October actual sales (prior year) ......... November actual sales (prior year) ...... December actual sales (prior year)..... January projected sales ........... February projected sales .......... March projected sales........... April projected sales................... Units 93,000 83,000 74,000 84,000 95,000 99,000 106,000 The company's collection history indicates that 60% of credit sales is collected in the month after the sale, 30% is collected two months after the sale, 5% is collected three months after the sale, and the remaining 5% is never collected. 5% of credit sales made three months ago Assume that the total cost of direct materials purchases in December was $600,000. The company pays 40% of its direct materials purchases in the month of purchase, and pays the remaining 60% in the month after purchase. Total cash collections Requirement 5. Prepare the cash payments budget for direct materials purchases for the months of January, February, and March, as well as a summary for the first quarter. Review the direct materials budget prepared in Requirement 3. Print Done Print Done Feathered Friends Cash Payments for Direct Materials Budget For the Quarter Ended March 31 Month January February March Quarter 40% of current month DM purchases 60% of last month's DM purchases Total cash payments Enter any number in the edit fields and then continue to the next
