Yordi Company expects to sell 1,900 units in January and 1,750 units in February. The company expects to incur the following product costs: (Click the icon to view the product costs.) The beginning balance in Finished Goods Inventory is 180 units at $75 each for a total of $13,500. Yordi uses FIFO inventory costing method. Prepare the cost of goods sold budget for Yordi for January and February. (Abbreviations used: VOH = variable manufacturing overhead; FOH = fixed manufacturing overhead.) Yordi Company Cost of Goods Sold Budget Two Months Ended January 31 and February 28 January February Beginning inventory Units produced and sold in each month Total budgeted cost of goods soldYasmin has $11,500 in cash on hand on January 1 and has collected the following budget data: (Click on the icon to view the budget data.) Assume direct labor costs and manufacturing overhead costs are paid in the month incurred. Additionally, assume Yasmin has cash payments for selling and administrative expenses including salaries of $40,000 per month plus commissions that are 3%% of sales, all paid in the month of sale. The company requires a minimum cash balance of $10,000. Prepare a cash budget for January and February. Round to the nearest dollar. Will Yasmin need to borrow cash by the end of February? Begin by preparing the cash budget for January, then prepare the cash budget for February. (Complete all input fields. Enter a "0" for any zero balances. Round all amounts entered into the cash budget to the nearest whole dollar.) Yasmin Company Cash Budget Two Months Ended January 31 and February 28 January Beginning cash balance 1 Data Table - X Cash receipts Cash available Cash payments: January February Purchases of direct materials Sales $ 526,000 $ 589,000 Direct labor Cash receipts from customers 443, 100 502,900 Manufacturing overhead Cash payments for direct materials purchases 180,528 160,892 Selling and administrative expenses Direct labor costs 135, 130 112,532 Manufacturing overhead costs (includes Total cash payments depreciation of $1,600 per month) 55,248 53, 124 Ending cash balance before financing Minimum cash balance desired Print Done Projected cash excess (deficiency) Financing: Borrowing Principal repayments Total effects of financing Ending cash balanceThomas Company has $10,000 in cash on hand on January 1 and has collected the following budget data: Of(Click the icon to view the budget data.) Assume Thomas has cash payments for selling and administrative expenses including salaries of $40,000 plus commissions of 3%% of sales, all paid in the month of sale. The company requires a minimum cash balance of $9,000. Prepare a cash budget for January and February. Will Thomas need to borrow cash by the end of February? Begin by preparing the cash budget for January, then prepare the cash budget for February. (Complete all input fields. Enter a "0" for any zero balances.) Thomas Company Cash Budget Two Months Ended January 31 and February 28 January Beginning cash balance i Data Table - X Cash receipts Cash available Cash payments: January February Purchases of merchandise inventory $ Selling and administrative expenses Sales 1,380,000 $ 700,000 Cash receipts from customers 851,740 871,500 Total cash payments Cash payments for merchandise Ending cash balance before financing inventory 581, 100 532.393 Minimum cash balance desired Print Projected cash excess (deficiency) Done Financing: Borrowing Principal repayments Total effects of financing Ending cash balanceRucker Company manufactures drinking glasses. One unit is a package of eight glasses, which sells for $14. Rucker projects sales for April will be 5,000 packages, with sales increasing by 300 packages per month for May, June, and July. On April 1, Rucker has 175 packages on hand but desires to maintain an ending inventory of 10%% of the next month's sales. Prepare a sales budget and a production budget for Rucker for April, May, and June. Begin by preparing a sales budget for April, May, and June. Rucker Company Sales Budget April, May, and June April May June Total Budgeted packages to be sold 5,000 5,300 6,600 15,900 Sales price per package Total sales 70,000 74,200 78,400 222,800 Now prepare a production budget for April, May, and June Rucker Company Production Budget April, May, and June April May June Total Budgeted packages to be sold Plus: Desired packages in ending inventory Total packages needed Less: Packages in beginning inventory Budgeted packages to be produced