Answer the questions on the last picture (excel) please.

PROBLEM 7-4 Integration of the Sales, Production, and Purchases Budgets [LO2- CC5, 6, 7] CHECK FIGURE (2) July: 36,000 units Milo Company manufactures beach umbrellas. The company is now preparing detailed budgets for the third quarter and has assembled the following information to assist in the budget preparation: a. The marketing department has estimated sales as follows for the remainder of the year in units): July 30,000 August 70,000 September 50,000 October 20,000 November 10,000 December 10,000 The selling price of the beach umbrellas is $12 per unit. Sales in June were 25,000 units. b. All sales are on account. On the basis of past experience, sales are collected in the following pattern: Page 326 30% in the month of sale 65% in the month following sale 5% uncollectible December 10,000 The selling price of the beach umbrellas is $12 per unit. Sales in June were 25,000 units. b. All sales are on account. On the basis of past experience, sales are collected in the following pattern: Page 326 30% in the month of sale 65% in the month following sale 5% uncollectible c. The company maintains finished goods inventories equal to 15% of the following month's sales. This requirement will be met at the end of June. d. Each beach umbrella requires four metres of Gilden, a material that is sometimes hard to get. Therefore, the company requires that the inventory of Gilden on hand at the end of each month be equal to 50% of the following month's production needs. The inventory of Gilden on hand at the beginning and end of the quarter will be as follows: a June 30 72,000 metres September 30 ? metres e. Gilden costs $0.80 per metre. One-half of a month's purchases of Gilden are paid for in the month of purchase; the remainder are paid for in the following month. The accounts payable on July 1 for purchases of Gilden during June will be $76,000. Required: 1. Prepare a sales budget, by month and in total, for the third quarter. (Show your budget in both units and dollars.) Also, prepare a schedule of expected cash collections, by month and in total, for the third quarter. 2. Prepare a production budget for each of the months July to October. 3. Prepare a materials purchases budget for Gilden, by month and in total, for the third quarter. Also, prepare a schedule of expected cash payments for Gilden, by month and in total, for the third quarter. . G In order for a company to be successful it has to be to create good budgets and follow the budgets in order to ensure that it has the money available based on collections of credit sales to pay for the raw materials and labour for products that will be sold. To assess your understating of the budgeting process, use the information from Problem 7-4 on pages 325 and 326 to respond to the following requirements: Requirement Clearly label whether your calculations are for part A, B, C, D or E. Part A (2 marks) Prepare a sales budget, by month and in total, for the third quarter. Your budget should be provided both in number of units expected to be sold and the total sales dollars. Part B (5 marks) Prepare a schedule of expected cash collections, by month and in total for the third quarter. Part (8 marks) Prepare a production budget for the months of July, August, September and October. Your budget should be by month. Part D (16 marks) Prepare a materials purchases budget for the company, by month and in total for the third quarter Part E (5 marks) Prepare a schedule of expected cash payments for the company by month and in total for the third quarter