TOWICH U20 IISUI CU PUI Don nas projected sales and Tison Corporation has projected sales and production in units for the second quarter of the coming year as follows: Sales Production April 52,800 62,000 May May 42,080 52,080 June 62,089 52,000 Cash related production costs are budgeted at $6 per unit produced. Of these production costs, 25% are paid in the month in which they 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 $181,000, which will be paid in April. All units are sold on account for $12 each. Cash collections from sales are budgeted at 50% in the month of sale, 25% in the month following the month of sale, and the remaining 25% in the second month following the month of sale. Accounts receivable on April 1 totaled $525.000 ($115,000 from February's sales and $410,000 from March's 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 Complete this question by entering you answers in the tabs below. Required A Required B Prepare a schedule for each month showing budgeted cash disbursements for Tilson Corporation. April June Production cost Cash disbursement duction costs this month (25%) tion costs prior month (75.0%) TB Problem Qu. 8-217 Tilson Corporation has projected sales and .. Tison Corporation has projected sales and production in units for the second quarter of the coming year as follows: Sales Production April 52,600 62,890 May 42,880 52,000 June 62,880 52,000 Cash related production costs are budgeted at $6 per unit produced. Of these production costs, 25% are paid in the month in which they 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 $181,000, which will be paid in April. All units are sold on account for $12 each. Cash collections from sales are budgeted at 50% in the month of sale, 25% in the month following the month of sale, and the remaining 25% in the second month following the month of sale. Accounts receivable on April 1 totaled $525,000 ($115,000 from February's sales and $410,000 from March's 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 Complete this question by entering your answers in the tabs below. Required A Required B Prepare a schedule for each month showing budgeted cash receipts for Tilson Corporation. Tots Sales Total rece pts Tilson Corporation has projected sales and production in units for the second quarter of the coming year as follows Sales Production April 52,890 62,800 May 42,680 52,680 June 62,089 52,899 Cash-related production costs are budgeted at $6 per unit produced. Of these production costs, 25% are paid in the month in which they 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 $181,000, which will be paid in April All units are sold on account for $12 each. Cash collections from sales are budgeted at 50% in the month of sale, 25% in the month following the month of sale, and the remaining 25% in the second month following the month of sale. Accounts receivable on April 1 totaled $525,000 ($115,000 from February's sales and $410,000 from March's 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 Complete this question by entering your answers in the tabs below. Required A Required B Prepare a schedule for each month showing budgeted cash receipts for Tilson Corporation. April June Total sales Cash receipts Fabruary Sale April Sales Total receipts 0 $
