Rida Incorporated is preparing its direct materials budget for the second quarter. It budgets production of 240,000 units in the second quarter and 52,500 units in the third quarter. Each unit requires 0.60 pound of direct material, priced at $175 per pound. Starting with the second quarter, the company plans to end each quarter with an ending inventory of materials equal to 30% of next quarter's budgeted direct materials required. Raw material inventory is 43,200 pounds at the beginning of the second quarter. Prepare a direct materials budget for the second quarter. (Enter "per unit" answers in two decimal places.) RIDA INCORPORATED Direct Materials Budget Second Quarter Units to produce 240.000 units Materials needed for production (pounds) Total materials required (pounds) Materials to purchase (pounds) Cost of direct materials purchases Rida Incorporated is preparing its direct materials budget for the second quarter. It budgets production of 280,000 units in the second quarter and 66,500 units in the third quarter. Each unit requires 0.70 pound of direct material, priced at $189 per pound. Starting with the second quarter, the company plans to end each quarter with an ending inventory of materials equal to 60% of next quarter's budgeted direct materials required. Raw material inventory is 117,600 pounds at the beginning of the second quarter. Prepare a direct materials budget for the second quarter. (Enter "per unit" answers in two decimal places.) RIDA INCORPORATED Direct Materials Budget Second Quarter Units to produce 280,000 units Materials needed for production (pounds) Total materials required Materials to purchase (pounds) Cost of direct materials purchases Jasper Company has 61% of its sales on credit and 39% for cash. All credit sales are collected in full in the first month following the sale. The company budgets sales of $532,000 for April, $542,000 for May, and $567,000 for June. Total sales for March are $290,400. Prepare a schedule of cash receipts from sales for April, May, and June. JASPER COMPANY Schedule of Cash Receipts from Sales April May 532,000 542,000 June 567,000 Sales Cash receipts from: Total cash receipts Zisk Company purchases direct materials on credit. Budgeted purchases are April, $99,000; May, $129,000; and June, $139,000. Cash payments for purchases are: 70% in the month of purchase and 30% in the first month after purchase. Purchases for March are $89,000. Prepare a schedule of cash payments for direct materials for April, May, and June. ZISK COMPANY April June Schedule of Cash Payments for Direct Materials May Materials purchases Cash payments for Total cash payments