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Waterways Continuing Problem 23 Waterways Corporation is preparing its badget for the coming year, 2017. The first Sales Unit sales for November 2016 Unit sales

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Waterways Continuing Problem 23 Waterways Corporation is preparing its badget for the coming year, 2017. The first Sales Unit sales for November 2016 Unit sales for December 2016 Expected unit sales for January 2017 113,000 Expected unit sales for February step is to plan for the first quarter of that coming year. Waterways gathered the following information from the managers. 112,500 102,100 112,500 Expected unit sales for March 2017 116,000 Expected unit sales for Apnil 2017 Expected unit sales for May 2017 Unit selling price 125,000 137,500 $12 waterways likes to keep 10% of the next month's ut sales in ending inventory. All ules are on aeert.S% of the A Receivable are collected in the month after sale. Accounts receivabl ccounts Recevable are collected in the month of sale, rd 15% the Acorn e on December 31, 2016, totaled $183,780. Direct Materials Amount Used pr Inventory. per Inventory, Dec. 31 Metal Plastic 12 or 6 per o Rubber 4z a 5,177.5 ibs 3,883.125 b 1,294.375 bs Metal, plastic, and rubber together are 75c per pound per unit. waterways likes to keep 5% of the maten als needed for the next month n ts ending nventory. Payment for materials made wthin 15 days. 50% isad i, the month et purchase, and sn is paid in the Labor requires 12 minutes per unt for commpletion and is paid at a rate of $8 per hour

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