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Sales budget and cash receipts for row 1 only MASTER BUDGET PRACTICE PROBLEM ASSUMPTIONS QUARTER SALES PERCENT SELLING PRICE COLLECTIONS TOTAL 10% 10% $100 $100

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MASTER BUDGET PRACTICE PROBLEM ASSUMPTIONS QUARTER SALES PERCENT SELLING PRICE COLLECTIONS TOTAL 10% 10% $100 $100 $100 60% $100 25% MONTH OF SALE 70% MONTH AFTER SALE UNCOLLECTIBLE Desired Ending Inventory | 50% of next month's sale RAW MATERIAL INK TWO INK $5 Unit CARTRIDGES Cost PER BOOK Based on units produced ONE REAM S5 Unit PER BOOK Cost Based on units INK CARTRIGES PURCHASED PAPER REAMS OF PAPER PURCHASED PAYMENT 8090 MONTH OF SALE 20% MONTH AFTER SALE DIRECT LABOR PAID 4 books per $20 QUARTERLY MANUFACTURING OVERHEAD HOUR 150,000 150,000 150,000 150,000 75,000 75,000 75,000 75,000 DEPRECIATION INCLUDED IN MANUFATURING OVERHEAD SELLING EXPENSES PAID QUARTERLY | 15% OF SALES

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