SALE, PRODUCTION, PURCHASE CASH BUDGETS Sales budget of an industrial business for the product XI for the second quarter of 2014 is as follows: 20.000 Pcs April: May: 10,000 Pcs June: July: 30.000 Pcs 40.000 Pcs Inventories of XI on March 31 is 2.000 Pcs and decided to keep 10% of the following month's sales as product inventory politics. The inventories of direct material A10 used in the production of X1 is 3.000 Pcs at the end of March, 2.000 Pcs at the end on April, 5.000 Pcs at the end of May and 7.000 Pes at the end of June. Standard of one piece of X1 consists of 2 Pcs A10 which may be purchased for 5$, 40% cash and %60 deferred one month. XI is sold for 25$, 50% cash, 25% deferred one month and %25 deferred two months. Direct labor and factory overhead for a piece of good is 12$ and paid in cash. Prepare the sale, production, purchase and cash budget of the business. SALE, PRODUCTION, PURCHASE CASH BUDGETS Sales budget of an industrial business for the product X1 for the second quarter of 2014 is as follows: April: 20.000 Pcs May: 10.000 Pcs June: 30.000 Pcs 40.000 Pcs July: Inventories of X1 on March 31 is 2.000 Pcs and decided to keep 100% of the following month's sales as product inventory politics. The inventories of direct material A10 used in the production of X1 is 3.000 Pcs at the end of March, 2.000 Pcs at the end on April, 5.000 Pcs at the end of May and 7.000 Pcs at the end of June. Standard of one piece of XI consists of 2 Pcs A10 which may be purchased for 5$, 40% cash and %60 deferred one month. XI is sold for 25$, 50% cash, 25% deferred one month and %25 deferred two months. Direct labor and factory overhead for a piece of good is 8$ and paid in cash. Prepare the sale, production, purchase and cash budget of the business.