Required :

A.Direct-material budget (prepare 4th

" quarter of 2022 as well).

B. Schedule of cash disbursement to suppliers for direct material.

the question is clear

7. The follosing marafacturing evehead casts are budgeted fot 2023. Portraifs Unlimited Cempany Huofesting Prelast las Josnings, president of Portraits Unlmined Coopany, was just cencluding a badzet mestife with his senior staft, it was Noweraber of 2022, and the goop was discussing preparation of the firm's master budget for 2023. "F've decifed oo go ahesd and purchase the indastrial eoboe we've becs calking obouc. We'tl make the acquisition oe lamary 3 of noxt year, 8. Projected manufacturing costs in 202} are as follows: and I eveset it will take mast af the year ti trais the persannel and nerganize the poodection process to take fall advantage of the berw cqueifmetel," In regente wo a gaestion abcut finasciey the acqusition, Jennings replied as follows: "The robot will cost $250.000. There will also be an additional $50,000 in arcillary equipment the redacing balance basis, and interest pagmeats will be quarterly as well." With that the mecting booke ca, and the budget prosees was on. Peetrats Undemed Coeppany as a mamufactures of metal pocture Portraits. The firm's rwo product tines are desigrated as 5 (smal Portraiss; 57 inches) and L. (arge Porenathy, 8 io inches). The primey raw masviuls are fexwble mstal atrips and 9 -inch by 24 -insh glase shecti. Fach \& Portrait requires a 2. ficot metal werip, and an L. Pertrait requires a H. foot stip. Allowing for tientud brakage and sirap thes, the coentany sat get either liear $ Poetreits of tav L is cost and are treafed a indirect marerials. Jane Williares, fortraits E Enlimited's controller is in 9. The folloning selates to past sclling and adasinistrative expenics. (llse regrexsion analysis to charge of proparing the masier budget for 2023 . Sex has zathered the following information: derive a cost function and tase this cost function to estimate the selling and administative 1. Sales at the fourth quafter of 2002 as expected to be 50,0005 Pcetraits and 40,000L Poetraits. The sales masaper prodicts flut ever the next tuc yesn, sales in rach groduct lise will grew by 5,000 anits each quarter orer the greviess quarter. For example, $ Portrais sales in first quarter of 2023 are espoctod to be 55,000 units. 1. Rectaats Uedimised Company sales bisiory iedicates that 60 gercent of all sales are on credit. with the remainder of the salcs in cash. The compony's cotiection expericnice sbows that 10 peteder of the credac cales are collectidd daring the quarter in which the sals is made, while the remaining 20 peremt it collected in the follawieg quarier. 3. The $ Pontrait sells for $10, and the L. Pertrait sells foe $15. These prices are expersed to hold constant throughout 2023. 10. Jackson anticipates that dividetad of 550,000 will be declared and paid in cash cach quatter. in cuct pruduct line to cover 20 perectil of the follewing quartet's alec. Moreover, at atterupt is made to cud each quarter with 20 percent of the glass stects needed 11. Poctraits Uniimited Compasy projected balanoe sheet us of December 31,2022 , folloras: fot the following quariet's producticn. Assume an encing isvetury of glass shcets of 10,400 kor the kourth quarter of 2023 is neghyighle: The opening invedsty for quatict 4,2022 for lod finithed poods and ras ittalertals can be found by determining the decired ending ieventory foe quarter 3,2022 based ee the iimemsey prieciple prowidod. 5. All direct-matenial purchanes ate made on accouth, aral b0 perecnt of coch cfanter' i purchaser are past e cash during the swe quater as the piechase. The other 20 percert is paid in the nost quarter: 6. Indirect macrials are porchased with cash as needed. Werk-is-precess is nepligible