Requirement 4, 5, and 6 please.

Required: 1. Calculate the estimated sales, by month and in total, for the third quarter. 2. Calculate the expected cash collections, by month and in total, for the third quarter. 3. Calculate the estimated quantity of beach umbrellas that need to be produced in July, August, September, and October 4. Calculate the quantity of Gilden (in feet) that needs to be purchased by month and in total, for the third quarter. 5. Calculate the cost of the raw material (Gilden) purchases by month and in total, for the third quarter. 6. Calculate the expected cash disbursements for raw material (Gilden) purchases, by month and in total, for the third quarter. Complete this question by entering your answers in the tabs below. Reg 1 Reg 2 Req3 Req 4 and 5 Reg 6 4. Calculate the quantity of Gilden (in feet) that needs to be purchased by month and in total, for the third quarter. 5. Calculate the cost of the raw material (Gilden) purchases by month and in total, for the third quarter. (Round your Unit cost of raw materials to 2 decimal places.) July August September Quarter Total units of raw materials to be purchased Cost of raw materials to be purchased uy November 10,000 August September Quarter Expected Unit Sales 33.000 16.000 45,000 154.000 Unit Selling Price $15 $15 $15 $15 Budgeted sales in 5495 000 $1,140,000 dollars $675,000 $2,310,000 Part 2 - Expected Cash Collections Schedule of Expected Cash Collection July August September Quart Receipt from on account sales: June Sales on account: Collected in July ($375,000*65%) $243,750 Duty Sales on account Collected in July (5495,000*30%) $148,500 Collected in August $321,750 $495.00065%) August sales on account: Collected in August (51,140,000-30%) $342.000 Collected in September $741,000 ($1,140 000"65%) September Sales on Account Collected in September (5675,000-30%) $202,500 Total Expected Cash Collections $392,250 $663,750 $943,500 $1,999,500 Part 3 - Production Budget Production Budget For working July August September Quarter October Next Month's Expected b6.000 45,000 23,000 9,500 Sale Units Ratio of Ending Inventory h5% 15% 15% to unit sales Desired Ending inventory 11,400 6.750 3.450 1.425 Plus: Budgeted units sales 33,000 76,000 45,000 123,000 Total Needs 44,400 82,750 48,450 24,425 Less: Estimated Beginning Inventory 4.950 11,400 6.250 3,450 Ending Inventory of last month) Required Production in 39,450 1,350 41,700 152,500 20,975 Part 4-Purchases Budget Raw Materials Budget July August September Quarter Budgeted Production Units (From Part 39 450 7 1350 41,700 Requires Raw material per finished unit 4.00 4.00 in feet) Materials needed for production (pounds) 157800 285400 166800 Add: Desired Ending Inventory (50% of next month's expected need of 142700 83400 41950 production) Total materials requirements (linear 300500 368800 2 08750 Teet) Less: Beginning inventory 1 0 42700 8 3400 Ending Inventory of last month Materials to be purchased (in feet) 221600 2 26100 125350 Material price per unit $0.60 S0.60 $0.60 Total cost of direct materials $132,960 $135,660 $75,210 $343,830 purchases 15% 15% 1.500 9.500 111.000 1.425 9,575 For working October 20,975 4.00 4.00 83900 Problem 8-30 Integration of the Sales, Production, and Direct Materials Budgets [LO8-2, LO8-3, L08-4) Milo Company manufactures beach umbrellas. The company is preparing detailed budgets for the third quarter and has assembled the following information to assist in the budget preparation: a. The Marketing Department has estimated sales as follows for the remainder of the year in units): July 33,000 Otober August 76.000 November September 45,000 December 23,000 9,500 10,000 The selling price of the beach umbrellas is $15 per unit. b. All sales are on account Based on past experience, sales are collected in the following pattern: 301 in the month of sale 558 in the month following sale 51 Uncollectible Sales for June totaled $375,000. c. The company maintains finished goods inventories equal to 15% of the following month's sales. This requirement will be met at the end of June. d. Each beach umbrella requires 4 feet of Gilden, a material that is sometimes hard to acquire. Therefore, the company requires that the ending Inventory of Gilden be equal to 50% of the following month's production needs. The inventory of Gilden on hand at the beginning and end of the quarter will be: September 30 78.900 feet feet e. Gilden costs $0.60 per foot. One-half of a month's purchases of Gilden is paid for in the month of purchase; the remainder is paid for in the following month. The accounts payable on July 1 for purchases of Gilden during June will be $39,390. ework Sales for June totaled $375,000. C. The company maintains finished goods inventories equal to 15% of the following month's sales. This requirement will be met at the end of June. d. Each beach umbrella requires 4 feet of Gilden, a material that is sometimes hard to acquire. Therefore, the company requires that the ending inventory of Gilden be equal to 50% of the following month's production needs. The inventory of Gilden on hand at the beginning and end of the quarter will be: June 30 September 30 78,900 feet 7 feet e. Gilden costs $0,60 per foot. One-half of a month's purchases of Gilden is paid for in the month of purchase; the remainder is paid for in the following month. The accounts payable on July 1 for purchases of Gilden during June will be $39,390. Required: 1. Calculate the estimated sales, by month and in total, for the third quarter. 2. Calculate the expected cash collections, by month and in total, for the third quarter. 3. Calculate the estimated quantity of beach umbrellas that need to be produced in July, August, September, and October 4. Calculate the quantity of Gilden (in feet) that needs to be purchased by month and in total, for the third quarter. 5. Calculate the cost of the raw material (Gilden) purchases by month and in total, for the third quarter. 6. Calculate the expected cash disbursements for raw material (Gilden) purchases, by month and in total, for the third quarter. Complete this question by entering your answers in the tabs below. Req 1 Reg 2 Req3 Req 4 and 5 Reg 6 4. Calculate the quantity of Gilden (in feet) that needs to be purchased by month and in total, for the third quarter. 5. Calculate the cost of the raw material (Gilden) purchases by month and in total, for the third quarter. (Round your Unit cost of raw materials to 2 decimal places.) July August September Quarter Total units of raw materials to be purchased Cost of raw materials to be purchased