Question: Please help with these two problems! The two problems are attached. Thank you. Problem 2 (20 points) Presented below are selected budget data items for

Please help with these two problems! The two problems are attached. Thank you.

Please help with these two problems! The two problems are attached. Thank

Problem 2 (20 points) Presented below are selected budget data items for Strobe Corporation for a three-month period: Sales Direct materials Direct labor Variable overhead Fixed overhead Selling and admin. costs Fixed loan payments OCTOBE R $950,000 NOVEMBE R $850,000 DECEMBE R $835,000 $126,000 $122,000 $128,000 $92,000 $87,000 $98,000 $66,600 $63,400 $69,000 $145,000 $145,000 $145,000 $317,000 $315,000 $320,000 $150,000 $150,000 $150,000 Sales were $770,000 in August and $840,000 in September. Material usage was $115,000 in August and $118,000 in September. All sales are on account, and accounts receivable is historically collected 15% in the month of sale, 65% in the month following sales, and the remainder two months after the sale. Materials are paid for 40% in the month used and 60% the following month. All other expenses are paid in the month incurred. The cash balance was $35,000 at the beginning of October, and management wants to determine if the company will have enough cash to pay a year-end bonus. Prepare a three-month cash budget, including a schedule for cash collections and material payments. Problem 3 (10 points) Champion Products Inc. manufactures and distributes barbecue grills. The company normally sells 3,000 of these grills each month for a price of $100 each. The material cost for a grill is $49 and the direct labor is $27. The variable overhead cost is $18 per grill, and the fixed overhead cost is $25,000 per month. A contract manufacturer has approached the company and offered to supply the grills ready to sell for $80 each. The company management believes that if it accepts this offer, Champion Products will be able to lease unused factory space for $12,000 per month. Perform a make-versus-buy analysis

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