Question: Hi. I need help with the empty boxes. The accounting team at Windsor Corp. plans to get a jump-start on its budget for the second

Hi. I need help with the empty boxes.
Hi. I need help with the empty boxes. The accounting team at
Windsor Corp. plans to get a jump-start on its budget for the
second quarter, since the first quarter is going well. Team members want
to make sure to determine the cash effects of the company's sales
as well as its biggest production-related cash expenditure, direct materials. The team
has gathered the following information: 1 The budgeted selling price for the
year is $270 per unit Sales volumes are budgeted as follows for
the last month of quarter 1 , for all of quarter 2

The accounting team at Windsor Corp. plans to get a jump-start on its budget for the second quarter, since the first quarter is going well. Team members want to make sure to determine the cash effects of the company's sales as well as its biggest production-related cash expenditure, direct materials. The team has gathered the following information: 1 The budgeted selling price for the year is $270 per unit Sales volumes are budgeted as follows for the last month of quarter 1 , for all of quarter 2 , and for part of quarter 3 . 2. Historically, 25% of Windsor's sales are cash sales. Of the remaining credit sales, 40%6 are collected in the month of sale, while 56% are collected the following month. The remainder is deemed uncollectible. 3. Management sets its ending FG Inventory goal at 10% of the following month's sales volume. The accounting team expects this policy will be met at the beginning of the second quarter. 4. The target ending inventory for Windsor's primary direct material is 20% of the following month's production needs, since it's not unusual for suppliers to stock out of this key resource. Each completed unit requires 4 pounds of DM at an expected cost of $0,20 per pound. 5. Windsor pays for 35% of its purchases in the month of purchase and 65% the month after purchase, Totar budgeted purchases in March are $17.500 For all quarterly budgets, report monthly amounts as well as the total for the quarter. Your answer is partially correct. the sales forecast and corresponding cash receipts budget for Windsor Corp. for its second quarter. (Round budgeted ice per unit to 2 decimal places, es. 15.25.) answers to 2 decimal places, es. 15.25 . Collections April Budget Beginning $ AR (Aprii) Aprilcash sales Apriicredit sales May cash sales May credit sales June cash sales June credt sales Total cash ieceipts May June Quarter $ $ Prepare Windsor Corp's production budget and DM purchases budget for the second quarter. (Round DM cost per pound and total budgeted cost of DM purchases to 2 decimal places, es. 15.25.) Your answer is partially correct pare Windsor Corp's production budget and DM purchases budget for the second quarten. (Round DM cost per potmd and total geted cost of DM purchases to 2 decimal pioces; eg. 15.25. The accounting team at Windsor Corp. plans to get a jump-start on its budget for the second quarter, since the first quarter is going well. Team members want to make sure to determine the cash effects of the company's sales as well as its biggest production-related cash expenditure, direct materials. The team has gathered the following information: 1 The budgeted selling price for the year is $270 per unit Sales volumes are budgeted as follows for the last month of quarter 1 , for all of quarter 2 , and for part of quarter 3 . 2. Historically, 25% of Windsor's sales are cash sales. Of the remaining credit sales, 40%6 are collected in the month of sale, while 56% are collected the following month. The remainder is deemed uncollectible. 3. Management sets its ending FG Inventory goal at 10% of the following month's sales volume. The accounting team expects this policy will be met at the beginning of the second quarter. 4. The target ending inventory for Windsor's primary direct material is 20% of the following month's production needs, since it's not unusual for suppliers to stock out of this key resource. Each completed unit requires 4 pounds of DM at an expected cost of $0,20 per pound. 5. Windsor pays for 35% of its purchases in the month of purchase and 65% the month after purchase, Totar budgeted purchases in March are $17.500 For all quarterly budgets, report monthly amounts as well as the total for the quarter. Your answer is partially correct. the sales forecast and corresponding cash receipts budget for Windsor Corp. for its second quarter. (Round budgeted ice per unit to 2 decimal places, es. 15.25.) answers to 2 decimal places, es. 15.25 . Collections April Budget Beginning $ AR (Aprii) Aprilcash sales Apriicredit sales May cash sales May credit sales June cash sales June credt sales Total cash ieceipts May June Quarter $ $ Prepare Windsor Corp's production budget and DM purchases budget for the second quarter. (Round DM cost per pound and total budgeted cost of DM purchases to 2 decimal places, es. 15.25.) Your answer is partially correct pare Windsor Corp's production budget and DM purchases budget for the second quarten. (Round DM cost per potmd and total geted cost of DM purchases to 2 decimal pioces; eg. 15.25

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