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 $41 per unit. The estimated sales volume for the next six months is as follows:

  March	6,300	units	June	8,400	units
  April	7,300	units	July	9,100	units
  May	10,300	units	August	6,500	units

• All sales are on account. The company's collection experience has been that 42% of a month's sales are collected in the month of sale, 51% are collected in the month following the sale, and 7% are uncollectible. It is expected that the net realizable value of accounts receivable (i.e., accounts receivable less allowance for uncollectible accounts) will be $131,733 on March 31, 2019.
• Management's policy is to maintain ending finished goods inventory each month at a level equal to 52% of the next month's budgeted sales. The finished goods inventory on March 31, 2019, is expected to be 3,796 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 41% of the next month's estimated usage. The raw materials inventory is expected to be 18,163 pounds on March 31, 2019.
• The cost per pound of raw material is $4.00, and 73% 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 $41,345 on March 31, 2019.

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

April, May, June, Total

Expected Sales in Units

Selling Price per Unit

Total Sales

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

March Sales

April Sales

May Sales

June Sales

Total Cash Collections

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

April, May, June, Total

Beginning inventory of finished goods

Units to be produced

Good available for sale

Desired ending inventory of finished goods

Quantity of goods

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

April, May, June, Total

Beginning inventory of raw materials

purchases of raw materials

raw materials available for use

desired ending inventory of raw materials

Quantity of raw materials to be used in production

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.)

April, May, June, Total

March Purchases

April purchases

May purchases

June purchases

Total Cash Payment