The data below pertains to the third quarter of Astra Company which manufactures Below is the estimated sales in its July FAUT September October November December 30.000 663 85.000 45.000 TSO 25.000 The selling price of the toy car is 516 per unit All sales are on account. Based on past experience, sales are collected in the following pattern 30% Month of sale Month followinnale Lincollectible c. Sales for June totaled S400,000 The company maintain finished goods inventories equal to 20% of the following month's sales. This requirement will be me at the end of Each toy car requires pounds of raw materials The company requires that the ending inventory of taw material be equal to 10% of the following month's production needs The raw material costs $1.50 per pound 40% of a month's purchases of raw materials is paid for in the month of the purchase the remainder is paid for in the following month i The Accounts Payable on June 30 will be $80,000 Part 1 (Similar to Class Example - Problem 8-28) Required: Prepare 1. Prepare a sales budget. by month and in total, for the Third quartet 2. Prepare a schedule of expected cash collections, by mouth and a total for the Third quarter (15 ms) | 3. Prepare a production budget for each of the months July August September and October (10 mark 4. Prepare a direct materials budget, by month and in soal, for the Third quarter 5. Prepare a schedule of expected cash disbursements, by hand in total, for the Third quarter 15 mars