Smoke, Inc., manufactures trays that sell for $20 each. Each tray requires 4 linear feet of bamboo, which costs $2.00 per foot. Each tray takes approximately 30 minutes to build, and the labor rate averages $13 per hour. Smoke has the following inventory policies:

• Ending finished goods inventory should be 40 percent of next month's sales.
• Ending direct materials inventory should be 30 percent of next month's production.

Expected unit sales (trays) for the upcoming months follow:

March

365

April

430

May

480

June

580

July

555

August

605

Variable manufacturing overhead is incurred at a rate of $0.30 per unit produced. Annual fixed manufacturing overhead is estimated to be $4,800 ($400 per month) for expected production of 4,000 units for the year. Selling and administrative expenses are estimated at $450 per month plus $0.50 per unit sold.

Smoke, Inc., had $11,000 cash on hand on April 1. Of its sales, 80 percent is in cash. Of the credit sales, 50 percent is collected during the month of the sale, and 50 percent is collected during the month following the sale.

Of direct materials purchases, 80 percent is paid for during the month purchased and 20 percent is paid in the following month. Direct materials purchases for March 1 totaled $3,400. All other operating costs are paid during the month incurred. Monthly fixed manufacturing overhead includes $330 in depreciation. During April, Smoke plans to pay $2,000 for a piece of equipment.

Required:

Compute budgeted sales for April

Compute budgeted production for April

Compute budgeted cost of materials purchased for April

Compute budgeted cost of labor for April

Compute budgeted overhead for April

Compute budgeted selling and administrative expenses for April

Compute budgeted collections and payments for April