Soprano Co is in the process of preparing the second quarter budget for 2019, and the following data have been assembled The company sells a single product at a selling price of $40 per unit The estimated sales volume for the next six months is as follows March 6,400 units June 8,300 units April 7,300 units July 9,200 units May 10,100 units August 6,200 units All sales are on account The company's collection experience has been that 43 of a month's sales are collected in the month of sale, 52 are collected in the month following the sale, and 5 are uncollectible It is expected that the net realizable value of accounts receivable (i e , accounts receivable less allowance for uncollectible accounts) will be $133,120 on March 31, 2019 Management's policy is to maintain ending finished goods inventory each month at a level equal to 51 of the next month's budgeted sales The finished goods inventory on March 31, 2019, is expected to be 3,723 units To make one unit of finished product, 5 pounds of materials are required Management's policy is to have enough materials on hand at the end of each month to equal 43 of the next month's estimated usage The raw materials inventory is expected to be 18,765 pounds on March 31, 2019 The cost per pound of raw material is $4 00, and 72 of all purchases are paid for in the month of purchase the remainder is paid in the following month The accounts payable balance for raw material purchases is expected to be $42,911 on March 31, 2019 Required a Prepare a sales budget in units and dollars, by month and in total, for the second quarter (April, May, and June) of 2019 b Prepare a schedule of cash collections from sales, by month and in total, for the second quarter of 2019 c Prepare a production budget in units, by month and in total, for the second quarter of 2019 d Prepare a materials purchases budget in pounds, by month and in total, for the second quarter of 2019 (Do not round intermediate calculations ) e Prepare a schedule of cash payments for materials, by month and in total, for the second quarter of 2019 (Do not round intermediate calculations )

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Soprano Co. is in the process of preparing the second quarter budget for 2019, and the following data have been assembled: The company sells a

Soprano Co. is in the process of preparing the second quarter budget for 2019, and the following data have been assembled:

The company sells a single product at a selling price of $40 per unit. The estimated sales volume for the next six months is as follows:

March 6,400 units June 8,300 units

April 7,300 units July 9,200 units

May 10,100 units August 6,200 units
All sales are on account. The company's collection experience has been that 43% of a month's sales are collected in the month of sale, 52% are collected in the month following the sale, and 5% are uncollectible. It is expected that the net realizable value of accounts receivable (i.e., accounts receivable less allowance for uncollectible accounts) will be $133,120 on March 31, 2019.
Management's policy is to maintain ending finished goods inventory each month at a level equal to 51% of the next month's budgeted sales. The finished goods inventory on March 31, 2019, is expected to be 3,723 units.
To make one unit of finished product, 5 pounds of materials are required. Management's policy is to have enough materials on hand at the end of each month to equal 43% of the next month's estimated usage. The raw materials inventory is expected to be 18,765 pounds on March 31, 2019.
The cost per pound of raw material is $4.00, and 72% of all purchases are paid for in the month of purchase; the remainder is paid in the following month. The accounts payable balance for raw material purchases is expected to be $42,911 on March 31, 2019.

Required: a. Prepare a sales budget in units and dollars, by month and in total, for the second quarter (April, May, and June) of 2019.

b. Prepare a schedule of cash collections from sales, by month and in total, for the second quarter of 2019.

c. Prepare a production budget in units, by month and in total, for the second quarter of 2019.

d. Prepare a materials purchases budget in pounds, by month and in total, for the second quarter of 2019. (Do not round intermediate calculations.)

e. Prepare a schedule of cash payments for materials, by month and in total, for the second quarter of 2019. (Do not round intermediate calculations.)