Waterways Continuing Problem 00 Waterways Corporation is preparing its budget for the coming year 2020. The first step is to plan for the first quarter of that coming year. The company has gathered information from its managers in preparation of the budgetin Sales Unit sales for November 2019 Unit sales for December 201 114,000 101,000 Expected unit cales for January 2020 114,000 Expected unit sales for February 2020 114,000 Expected unit sales for Harch 2320 116.000 124,000 137,900 Expected unit sales for Apr2030 Expected unit sales for Hay 2320 Uniting Waterve 10% of the next month's unit sales in ending invertory. All sales are on account, 83% of the Accounts Receivable are collected in the month of sale, and 15% of the Accents Recerable are colected in the month after al Accounts receivable December 31, 2019 totaled $181.000 Material Direct materials 80 per pound. Two pounds of direct materials as required to produc Waterways as to a 5% of the materials needed for the next month in sending inventory, Raw materials in December 31, 2010, totaled 11.400 pounds.ment for trials made within 15 days 50% is paid in the month of purchase, and 50% paid in the north aher purchase Accounts Persble on December 31, 2013 $300,0 Labor 12 mins per unit for completion and is paid at a rate of 19 Manufacturing Overhed Soc per later hour Propert soc per hour 300 per liber hour $43,000 per month $15,400 m 12.100 per month $1,200 pr moth $1,400 per month