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 budgeting process Sales Unit sales for November 2019 112000 Unit sales for December 2019 103,000 Expected unit sales for January 2020 114.000 Expected unit sales for February 20201 113000 Expected unit sales for March 2020 116,000 Expected unit sales for April 2020 124,000 Expected unit sales for May 2020 138000 Uniting pr $12 Waterways likes to keep 10% of the ned month's unit sales in ending inventory. All sales are on account 85% of the Accounts Receivable are collected in the month of sale, and 15% of the Accounts Receivable are collected in the month after sale. Accounts recevable on December 31.2019, totaled $185.400 Direct Materials Direct materiali cout 80 cents per pound. Two pounds of direct materials are required to produce each unt the Waterways likes to keep of the materials needed for the next month in its ending inventory Raw Materials on December 31, 2019 totaled 11.390 pounds. Payment for materials is made within 15 days. 50% is paid in the month of purchase and so is paid in month after purchase Accounts Payable on December 31, 2019 totaled $104.530 Indirect materials Manufacturing Overhe 30 per labor hour Indirectio 501 Utle 50 berlabor hour labor hour Manance 300 per labor hour Salanes $42000 Depreciation $56400 Propert $2,700 $1300 $1200 Sing and dative 34000 200 Other d 1000 The Cadance on 112013000 3903 (b) For the first quarter of 2020, prepare a production budget. WATERWAYS CORPORATION Production Budget First Quarter January February March Attempts: 0 of 2 used Submit