The Bear Corporation will begin business operations on January 1, 2015. Below is the anticipated SALES BUDGET (in units):

Jan. __0,000

Feb. __0,000

Mar. __0,000

Apr. __0,000

May __0,000

January 30,000

February 70,000

March 40,000

April 60,000

ADDITIONAL INFORMATION

a. Ending finished goods inventory should be equal to 10% of next month's sales projection.

b. Each unit requires 3 pounds of material at a raw material cost of $5 per pound.

c: Labor cost is $10 per unit produced.

d. Ending raw material inventory should be equal to 20% of next month's material requirement.

e. Factory overhead is $18,000 per month of which $8,000 is for depreciation.

f. All costs are paid in the month incurred except for purchases which is paid in the following month.

g. The selling price per unit is $100.

REQUIRED: Using Excel, in good form:

**********AGAIN MY BANNER I.D IS 00307585 ********

1, Prepare a SALES BUDGET for the first quarter (January through March). 2. Prepare a PRODUCTION BUDGET for the first quarter (January through March).

3. Prepare a Raw Materials PURCHASES BUDGET for the first quarter (Jan. through Mar.)

4. Prepare a CASH DISBURSEMENTS budget for the first quarter (January through March).