(Solved): please complete all requirements Data table porod: Sates for the flemt twe months of tha upcoming yo ...

Data table porod: Sates for the flemt twe months of tha upcoming yoar are trodgeted bo be as folloas b. Sahs are 39\%w cash and $70\%$ ordt. Ali clesit sales are oolitctes in the conth foldeing the cale. c. Camon Marufbctime has a policy thal statas that noch month's ending meentory of finithed gsods ahould be $10\%$ of the fehoweng month's eMes in units) d. Or cash monthis direct matenal puchases, $20\%$ are pad foe in the month of puschace while the marainter is paid lor in kwe Isonth fellswing purchase. Two pounds of diect material is nevded pet uhit at 51 so per peend. Einting invetory of orect materialt thoud be $20\%$ of next manthis troducton netds 6. Moat of the labor at the mampactaring faclity is indreot; but theie ia some drect iabor incumed. The dreat laber houn par unt a 0.03. The sirect labor rie per hour is $\$13$ per hour. Al deect labor ie gaid for in ite month in which the work is pefamed. Tre ctrect labor istai cost for each of the upcoming three morihe is ea folow: they ore incutad be 515,600 Requirement 1. Prepare a schedule of cash collections for January, February, and March, and for the quarter in total. Requirements 1. Prepare a schedule of cash collections for January, February, and March, and for the quarter in total. 2. Prepare a production budget. (Hint: Unit sales = Sales in dollars / Selling price per unit.) 3. Prepare a direct materials budget. 4. Prepare a cash payments budget for the direct material purchases from Requirement 3. (Use the accounts payable balance at December 31 of prior year for the prior month payment in January.) 5. Prepare a cash payments budget for direct labor. 6. Prepare a cash payments budget for manufacturing overhead costs. 7. Prepare a cash payments budget for operating expenses. 8. Prepare a combined cash budget. 9. Calculate the budgeted manufacturing cost per unit (assume that fixed manufacturing overhead is budgeted to be $\$0.80$ per unit for the year). 10. Prepare a budgeted income statement for the quarter ending March 31. (Hint: Cost of goods sold = Budgeted cost of manufacturing one unit $x$ Number of units sold.)