The marketing department of Graber Corporation has submitted the following sales forecast for the upcoming fiscal year. Third Quarter Fourth Quarter Budgeted unit sales First Quarter 16,800 Second Quarter 15,800 14,800 15,800 The selling price of the company's product is $27.00 per unit. Management expects to collect 85% of sales in the quarter in which the sales are made and 10% in the following quarter, and 5% of sales are expected to be uncollectible. The beginning balance of accounts receivable, all of which is expected to be collected in the first quarter, is $74,000. The company expects to start the first quarter with 4,000 units in finished goods inventory. Management desires an ending finished goods inventory in each quarter equal to 10% of the next quarter's budgeted sales. The desired ending finished goods inventory for the fourth quarter is 4,200 units. Required: 1-a. Compute the company's total sales. 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Year Total Sales $ 0 1-b. Complete the schedule of expected cash collections. Graber Corporation Schedule of Expected Cash Collections 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Year $ Accounts receivable, beginning balance 1st Quarter sales 2nd Quarter sales 0 0 0 0 3rd Quarter sales 4th Quarter sales Total cash collections 0 0 $ 0 $ 0 $ 0 $ 0 2. Prepare the company's production budget for the upcoming fiscal year. Graber Corporation Production Budget 2nd Quarter 3rd Quarter 1st Quarter 4th Quarter Year Budgeted unit sales Total units needed 0 0 0 0 0 Required production 0 0 0 0 0 Auto Lavage is a Canadian company that owns and operates a large automatic carwash facility near Quebec. The following table provides data concerning the company's costs: Fixed cost per Month cost per Car Washed $ 0.90 0.30 0.50 0.60 Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses $2,500 5,800 9,400 3,200 2,900 0.05 The company expects to charge customers an average of $8.00 per car washed. Required: Prepare a flexible budget for October assuming either 7,000 or 8,000 cars are washed. AUTO LAVAGE INC. Flexible Budget For the Month Ended October 31 Budgeted Amount Per Cars Washed Unit (per car) 7,000 8,000 Variable expenses: Total variable expenses 0 0 0.00 0.00 $ 0 0 Fixed expenses: Total fixed expenses 0 0 $ 0 $ 0