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Tilson Corporation has projected sales and production in units for the second quarter of the coming year as follows: Sales Production 64,e00 74,e0e 54,000 64,000
Tilson Corporation has projected sales and production in units for the second quarter of the coming year as follows: Sales Production 64,e00 74,e0e 54,000 64,000 une 74,000 64,e00 Cash-related production costs are budgeted at $6 per unit prod uced. Of these production costs, 30% are paid in the month in which are incurred and the balance in the following month. Selling and administrative expenses will amount to$ 60,000 per month. The accounts payable balance on March 31 totals $187000, which will be paid in April All units are sold on account for $18 each. Cash collections from sales are budgeted at following the month of sale, and the remaining 15% in the second totaled $619,000 ($109,000 from February's sales and $510,000 from March's sales). 60% in the m onth of sale, 25% in the month month following the month of sale. Accounts receivable on April 1 Required: a. Prepare a schedule for each month showing budgeted cash disbursements for Tilson Corporation. b. Prepare a schedule for each month showing budgeted cash receipts for Tilson Corporation. Complete this question by entering your answers in the tabs below Required A E Required B
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