This problem consists of four independent mini-problems. Omit headings other than those already given. A. Dryer Manufacturing produces and sells containers designed to hold liquid beverages. The sales budget for 2011 is as follows: 1st quarter 90,000 units 3rd quarter 135,000 units 2nd quarter 120,000 units 4th quarter 105,000 units Dryer desires an ending inventory equal to 10% of the next quarter's sales. January 1, 2011 inventory is 9,000 units. Unit sales during the 1st quarter of 2012 are estimated at 90,000 units. Instructions: Compute required production for the year, showing quarterly data.

B. Parker Manufacturers is preparing its direct labor budget for the second quarter of 2011 from the following budgeted production figures: April70,000 units; May100,000 units; and June110,000 units. Each unit requires 2 hour of direct labor. The hourly wage rates are expected to be $14 in April and May and $16 in June. Instructions: Prepare a direct labor budget for the quarter, showing monthly data.

C. Carson's Widget Works makes 70% of its sales on credit. Experience shows that 60% of the credit customers pay in the month of sale, 30% within the following month, the rest in the next month. Total sales for May, June, July, and August are estimated at $210,000; $240,000; $300,000; and $250,000, respectively. Instructions: Determine budgeted cash receipts for July and August. .

John's Sporting Goods is preparing its annual cash budget, showing quarterly data, for 2011. A $20,000 cash balance is desired at the end of each quarter. Borrowings and repayments are in $1,000 increments at 12% annual interest. The company borrows at the beginning of a quarter based on the estimated deficiency. Interest is paid only when principal is repaid at the end of a quarter with excess cash. The maximum amount of principal was repaid in the second quarter. The cash balance on December 31, 2010 is $21,000. Total receipts and disbursements, other than borrowings and principal or interest payments, are estimated at: Quarter 1 Quarter 2 Quarter 3 Quarter 4 Disbursements: $226,000 $226,000 $244,000 $260,000 Receipts: 216,000 230,000 245,000 253,000

Instructions: Prepare a schedule of estimated borrowings and repayments of principal and interest for 2008 and its quarters.