Tilson Corporation has projected sales and production in units for the second quarter of the coming year as follows:

	April			May		June
Sales	54,000			44,000		64,000
Production	64,000			54,000		54,000

Cash-related production costs are budgeted at $4 per unit produced. Of these production costs, 50% are paid in the month in which they are incurred and the balance in the following month. Selling and administrative expenses will amount to $40,000 per month. The accounts payable balance on March 31 totals $183,000, which will be paid in April.

All units are sold on account for $10 each. Cash collections from sales are budgeted at 50% in the month of sale, 30% in the month following the month of sale, and the remaining 20% in the second month following the month of sale. Accounts receivable on April 1 totaled $663,000 ($113,000 from February's sales and $550,000 from Marchs sales).

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.

Prepare a schedule for each month showing budgeted cash disbursements for Tils April May June Production cost 64,000 Cash disbursements: Production costs this month (50%) Production costs prior month (50%) Selling and administrative 40,000 40,000 $ Total disbursements $ 0 0 Prepare a schedule for each month showing budgeted cash receipts for Tilson May April June Total sales Cash receipts: February sales March sales April sales May sales June sales Total receipts $ $ $ 10 10 0