The accounting team at Kingbird Corp. plans to get a jump$-$start on its budget for the second quarter, since the first quarter is going Prepare the sales forecast and corresponding cash receipts budget for Kingbird Corp. for its second quarter. $($Round budgeted

selling price per unit to $2$ decimal places, eg$.15\mathrm{.}25.)$

$($Round answers to $2$ decimal places, e$.$g$.15\mathrm{.}25.)$ Prepare Kingbird Corp.s production budget and DM purchases budget for the second quarter. $($Round DM cost per pound and total

budgeted cost of DM purchases to $2$ decimal places, eg$.15\mathrm{.}25.)$ Prepare Kingbird Corp.$\text{'}$s cash disbursements budget for the DM purchases for the second quarter. $($Round answers to $2$ decimal

places, eg$.15\mathrm{.}25.)$Calculate how much the total COGS per unit could be for the company to generate $40\%$ gross margin on its sales. Considering the

DM cost per unit already known, how much of this total COGS per unit is available to cover DL and MOH cost? $($Round answers to $2$

decimal places, e$.$g$.15\mathrm{.}25.)$

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well. Team members want to make sure to determine the cash effects of the company's sales as well as its biggest production$-$related

cash expenditure, direct materials. The team has gathered the following information:

The budgeted selling price for the year is $$4\mathrm{.}00$ per unit. Sales volumes are budgeted as follows for the last month of quarter

$1,$ for all of quarter $2,$ and for part of quarter $3.$

Historically, $25\%$ of Kingbird's sales are cash sales. Of the remaining credit sales, $40\%$ are collected in the month of sale, while

$56\%$ are collected the following month. The remainder is deemed uncollectible.

Management sets its ending FG Inventory goal at $10\%$ of the following month's sales volume. The accounting team expects

this policy will be met at the beginning of the second quarter.

The target ending inventory for Kingbird's primary direct material is $20\%$ of the following month's production needs, since it's

not unusual for suppliers to stock out of this key resource. Each completed unit requires $4$ pounds of DM at an expected cost

of $$0\mathrm{.}40$ per pound.

Kingbird pays for $35\%$ of its purchases in the month of purchase and $65\%$ the month after purchase. Total budgeted

purchases in March are $$16,300.$

For all quarterly budgets, report monthly amounts as well as the total for the quarter.

Each problem I need to figure out April,May, June, and Quarter