Mana Int Read the CUEMat penod. Saes for tre trsitve mont15 g\' te upcoming year

Question

Mana Int Read the CUEMat penod. Saes for tre trsitve mont15 g' te upcoming year are oudgeted to be tolloos: Requirement 1. Prepare a chesul of cash caliecion: for January, Fabruary, and March, and for the quarer i total anuay 05,000 anuary FabruaryMarch Current Aesta of December 31 (pnor yearj: Cash sales 4,500 53,000 1,300 Accont receabie, nt Inventory Property, plant, and equipment, net Auccounts payable Captalstack Ratainad Aamings Total cesh colcions Requirement 2. Prepare ? producton budget.(Hmt unt sales : Sales ?n ??|rs! Seing price per unt.) e. Most oc the lzicor ?1the manufactur ng facity is indirect, but there 1: some drect labor ricurred. The d rect labor nour?per 42,400 127,000 0.01 The direct abor rate per hour?$ 12 per hour. Al drect labor?paid lor in te mont irt which 1no wa??performed Th.c iract laber total cost r ach of tha upcoming rsa monts I as folloNE Dalton Manufacturing Production Budort For the Quarter Ended Morch 31 anuay Print Dane ebruary March Quarter . Monthty manufacturng overihead cos are s5 UU or taciory rent,3,000 tor other taed manutacturng expees, and 31.20 psr unt fo·varste nnutacturing Dverhead No depreciation 1??ncuded irt these figures. Al ? pense are "id in the month in mich hey a Incurred h.Operatnp expenseae budgeted to be 1.0 per untpws operatng expense ot 31,000 per menth. Al cperatang Units to prou expense zrepad nte martin which they re irtumed. NO depreciion?included in tescngures. I.Dapreciation on the bulidiq and aqupmant for the qenaral and adinistrative aff cas budated to ba 54 900 far tha ehre lance or s125,020. The nterest rate on these loan:?1% per montt:imple ntere 1(not compounded) The company Duld r. The company aay down on would alsa pay te acumulated intarast at the end fthR CliArtar on ta 1.nd; home.?d durinq ???? ????tar quarkr For the Quarter Ended March 31 JanuaryFebruary March Enter amy number in the edi ields and then continue to the next question.

Explanation / Answer

REQUIREMENT 1.

DALTON MANUFACTURING

CASH COLLECTIONS BUDGET

FOR THE QUARTER ENDED MARCH 31

REQUIREMENT 2.

DALTON MANUFACTURING

PRODUCTION BUDGET

FOR THE QUARTER ENDED MARCH 31

REQUIREMENT 3.

DALTON MANUFACTURING

DIRECT MATERIALS BUDGET

FOR THE QUARTER ENDED MARCH 31

NOTE: CALCULATION OF DESIRED ENDING INVENTORY OF DM OF MARCH = $97000/ $10 +$85000* 25% - 24250UNITS

=9700 + 21250 - 24250

=6700*2*10%

=1340

REQUIREMENT 4.

DALTON MANUFACTURING

CASH PAYMENTS FOR DIRECT MATERIALS BUDGET

FOR THE QUARTER ENDED MARCH 31

HEGFHGDG

MONTH AMOUNT (IN $) CALCULATION JANUARY CALCULATION FEBRUARY CALCULATION MARCH QUARTER CASH SALES 80000*30% 24000 92000*30% 27600 99000*30% 29700 81300 CREDIT SALES 70000*70%(Dec. Sale) 49000 80000*70%(Jan. Sale) 56000 92000*70%(Feb. Sale) 64400 169400 TOTAL CASH COLLECTIONS 73000 83600 94100 250700

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