Required information SB Problem PB8-1 to PB8-3 [The following information applies to the questions displayed below.] Beach Wind Company manufactures kites that sell for \\( \\$ 20 \\) each. Each kite requires 2 yards of lightweight canvas, which costs \\( \\$ 0.60 \\) per yard. Each kite takes approximately 30 minutes to build, and the labor rate averages \\( \\$ 8 \\) per hour. Beach Wind has the following inventory policies: - Ending finished goods inventory should be 30 percent of next month's sales. - Ending direct materials inventory should be 20 percent of next month's production. Expected kite sales for the upcoming months are: Variable manufacturing overhead is incurred at a rate of \\( \\$ 0.40 \\) per unit produced. Annual fixed manufacturing overhead is estimated to be \\( \\$ 9,000 \\) ( \\( \\$ 750 \\) per month) for expected production of 9,000 units for the year. Selling and administrative expenses are estimated at \\( \\$ 820 \\) per month plus \\( \\$ 0.75 \\) per unit sold. Beach Wind Company had \\( \\$ 12,200 \\) cash on hand on April 1 . Of its sales, 60 percent is cash. Of the credit sales, 50 percent is collected during the month of the sale, and 50 percent is collected during the month following the sale. Of direct materials purchases, 60 percent is paid for during the month purchased, and 40 percent is paid in the following month. Direct materials purchases for March totaled \\( \\$ 800 \\). All other operating costs are paid during the month incurred. Monthly fixed manufacturing overhead includes \\( \\$ 280 \\) in depreciation. Beach Wind plans to spend \\( \\$ 15,000 \\) on equipment during April. PB8-3 (Static) Preparing Cash Budget [LO 8-4] Required: 1. Compute the budgeted cash receipts for Beach Wind. 2. Compute the budgeted cash payments for Beach Wind. 3. Prepare the cash budget for Beach Wind. Assume the company can borrow in increments of \\( \\$ 1,000 \\) to maintain a \\( \\$ 10,000 \\) minimum cash balance. No interest is charged if the loan is paid off by the end of the next quarter. Complete this question by entering your answers in the tabs below. Compute the budgeted cash receipts for Beach Wind. Note: Do not round your intermediate calculations. Required information SB Problem PB8-1 to PB8-3 [The following information applies to the questions displayed below.] Beach Wind Company manufactures kites that sell for \\( \\$ 20 \\) each. Each kite requires 2 yards of lightweight canvas, which costs \\( \\$ 0.60 \\) per yard. Each kite takes approximately 30 minutes to build, and the labor rate averages \\( \\$ 8 \\) per hour. Beach Wind has the following inventory policies: - Ending finished goods inventory should be 30 percent of next month's sales. - Ending direct materials inventory should be 20 percent of next month's production. Expected kite sales for the upcoming months are: Variable manufacturing overhead is incurred at a rate of \\( \\$ 0.40 \\) per unit produced. Annual fixed manufacturing overhead is estimated to be \\( \\$ 9,000 \\) (\\$750 per month) for expected production of 9,000 units for the year. Selling and administrative expenses are estimated at \\( \\$ 820 \\) per month plus \\( \\$ 0.75 \\) per unit sold. Beach Wind Company had \\( \\$ 12,200 \\) cash on hand on April 1. Of its sales, 60 percent is cash. Of the credit sales, 50 percent is collected during the month of the sale, and 50 percent is collected during the month following the sale. Of direct materials purchases, 60 percent is paid for during the month purchased, and 40 percent is paid in the following month. Direct materials purchases for March totaled \\( \\$ 800 \\). All other operating costs are paid during the month incurred. Monthly fixed manufacturing overhead includes \\( \\$ 280 \\) in depreciation. Beach Wind plans to spend \\( \\$ 15,000 \\) on equipment during April. PB8-3 (Static) Preparing Cash Budget [LO 8-4] Required: 1. Compute the budgeted cash receipts for Beach Wind. 2. Compute the budgeted cash payments for Beach Wind. 3. Prepare the cash budget for Beach Wind. Assume the company can borrow in increments of \\( \\$ 1,000 \\) to maintain a \\( \\$ 10,000 \\) minimum cash balance. No interest is charged if the loan is paid off by the end of the next quarter. Complete this question by entering your answers in the tabs below. Compute the budgeted cash payments for Beach Wind. Note: Do not round your intermediate calculations. Round final answers to 2 decimal places. Required information SB Problem PB8-1 to PB8-3 [The following information applies to the questions displayed below.] Beach Wind Company manufactures kites that sell for \\( \\$ 20 \\) each. Each kite requires 2 yards of lightweight canvas, which costs \\( \\$ 0.60 \\) per yard. Each kite takes approximately 30 minutes to build, and the labor rate averages \\( \\$ 8 \\) per hour. Beach Wind has the following inventory policies: - Ending finished goods inventory should be 30 percent of next month's sales. - Ending direct materials inventory should be 20 percent of next month's production. Expected kite sales for the upcoming months are: Variable manufacturing overhead is incurred at a rate of \\( \\$ 0.40 \\) per unit produced. Annual fixed manufacturing overhead is estimated to be \\( \\$ 9,000 \\) (\\$750 per month) for expected production of 9,000 units for the year. Selling and administrative expenses are estimated at \\( \\$ 820 \\) per month plus \\( \\$ 0.75 \\) per unit sold. Beach Wind Company had \\( \\$ 12,200 \\) cash on hand on April 1. Of its sales, 60 percent is cash. Of the credit sales, 50 percent is collected during the month of the sale, and 50 percent is collected during the month following the sale. Of direct materials purchases, 60 percent is paid for during the month purchased, and 40 percent is paid in the following month. Direct materials purchases for March totaled \\( \\$ 800 \\). All other operating costs are paid during the month incurred. Monthly fixed manufacturing overhead includes \\( \\$ 280 \\) in depreciation. Beach Wind plans to spend \\( \\$ 15,000 \\) on equipment during April. PB8-3 (Static) Preparing Cash Budget [LO 8-4] Required: 1. Compute the budgeted cash receipts for Beach Wind. 2. Compute the budgeted cash payments for Beach Wind. 3. Prepare the cash budget for Beach Wind. Assume the company can borrow in increments of \\( \\$ 1,000 \\) to maintain a \\( \\$ 10,000 \\) minimum cash balance. No interest is charged if the loan is paid off by the end of the next quarter. Complete this question by entering your answers in the tabs below. Prepare the cash budget for Beach Wind. Assume the company can borrow in increments of \\( \\$ 1,000 \\) to maintain a \\( \\$ 10,000 \\) minimum cash balance. No interest is charged if the loan is paid off by the end of the next quarter. Note: Leave no cell blank enter \"0\" wherever required. Round your answers to 2 decimal places