S9-6 (similar to) Question Help The Bakery with a View produces organic bread that is sold by the loaf. Each loaf requires 1/2 of a pound of flour. The bakery pays $3.00 per pound of the organic flour used in its loaves. The bakery expects to produce the following number of loaves in each of the upcoming four months: F: (Click the icon to view the units to be produced.) The bakery has a policy that it will have 10% of the following month's flour needs on hand at the end of each month. At the end of June, there were 75 pounds of flour on hand. Prepare the direct materials budget for the third quarter, with a column for each month and for the quarter. Begin the direct materials budget by determining the total quantity needed, then complete the budget. (Enter the pounds per unit as a decimal to two places. Round your calculations to the nearest whole number.) The Bakery with a View Direct Materials Budget For the Months of July through September July August Data Table September Quarter Units to be produced 1,500 loaves 1,860 loaves Multiply by: Pounds of flour needed per unit Quantity needed (lbs) for production Plus: Desired ending inventory of direct materials Total quantity (lbs) needed July August September October 1,620 loaves 1,500 loaves Print Done 59-11 (similar to) Question Help Emerald Service anticipates the following sales revenue over a five-month period: (Click the icon to view the sales data.) The company's sales are 40% cash and 60% credit. Its collection history indicates that credit sales are collected as follows: A (Click the icon to view the collections data.) How much cash will be collected in January? In February? In March? For the quarter in total? Complete the cash budget to determine how much cash will be collected in January, February, March and for the quarter in total. (Round your answers to the nearest whole dollar.) Emerald Service Data Table Cash Collections Budget For the Months of January through March January November Cash sales December March January 15,400 February $ 12,600 16,800 Sales revenue $ 10,200 $ $ 14,600 Collection of credit sales: 20% Month of sale 40% Month after More Info Print Done 25% Two months after Total cash collections 20% in the month of the sale 40% in the month after the sale 25% two months after the sale 15% are never collected Print Done Enter any number in the edit fields and then click Check