Question 11 - Chapter 9 - Budget X A Excel workbook for in-class demc x A Zoom recording of online class - x * Homework Help - Q&LA from Onl x + X C A ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=08launchUrl=https%253A%252F%252Fnewconnect.... > > FAN G COBATOO ... gym TR to PR How to make a req... Eligible tuition fees... Sign in to your IRC... M Gmail YouTube Maps G www.google.com Notification Center , Laptop Battery for.. Chapter 9 - Budgeting Part 1 of 2 @ Saved Help Save & Exit Submit Check my work 11 Water Sport Inc. manufactures a small personal water tube used for children learning to swim. Management is now preparing detailed budgets for the third quarter, July through September, and has assembled the following information to assist: a. The Marketing Department has estimated sales as follows for the remainder of the year (number of water tubes): 40 points July 7, 200 October 3,600 August 5,700 November 3,200 eBook September 4,700 December 2,700 The selling price of the water tubes is $60. b. All sales are on account. Based on past experience, sales are expected to be collected in the following pattern: 50% in the month of sale 45% in the month following sale 5% uncollectible The beginning accounts receivable balance (excluding uncollectible amounts) on July 1 will be $163,500. c. The company maintains finished goods inventories equal to 20% of the following month's sales. The inventory of finished goods on July 1 will be 1,440 units. d. Each water tube requires 3 kilograms of synthetic polyisoprene rubber compound. To prevent shortages, the company would like the inventory of synthetic rubber compound on hand at the end of each month to be equal to 20% of the following month's mradiation mande The imantons of minthatin miller Mc Graw Hill Type here to search O W qb 21 .C 10:44 PM ENG 22/07/223 Question ll - Chapterg- Budge X Excel workbook for in-class demi X I Zoom recording ol online class - X I u Homework Help- (18:)! from On X l + V X (- 9 C i ezto.mheducationcomfextfmap/index.html?_con:contexternaLbrowser:0&launchUrl:https96253A'36252F%252Fnewconnect.... l3 j} a 9 I . *n ?J I] o E gym * TR to PR * How to make a req... * Eligible tuition fees... * Sign in to your IRC... M Email YouTuhe l, Maps 6 wwwgooglecom If Notification Center 3. Laptop Batteryfor... '0 Chapter 9 Budgeting Part1 of 2 0 Saved Help Save& Exit Submit 11 The selling price ofthe water tubes is $60. b. All sales are on account Based on past experience, sales are expected to be collected in the following pattern: 40 00mm 58% in the month of sale 45% in the month following sale 5% uncollectible eBook The beginning accounts receivable balance [excluding uncollectible amounts) on July 1 will be $163,500. c. The company maintains nished goods inventories equal to 20% ofthe following month's sales. The inventory offinished goods on July1 will be 1,440 units. 0'. Each water tube requires 3 kilograms of synthetic polyisoprene rubber compound. To prevent shortages, the company would like the inventory of synthetic rubber compound on hand at the end of each month to be equal to 20% of the following month's production needs. The inventory of synthetic rubber compound on hand on July1 will be 4,140 kilograms. e. The synthetic rubber compound costs $4.50 per kilogram. Water Sport pays for 70% of its purchases in the month of purchase; the remainder is paid for in the following month. The accounts payable balance for synthetic rubber compound purchases will be $13,500 on July 1. Required: 1. Prepare a sales budget, by month and in total, for the third quarter. (Show your budget in both units ofwater tubes and dollars.) Also prepare a schedule of expected cash collections, by month and in total, for the third quarter. claw > FAN G COBATOO ... gym TR to PR How to make a req... Eligible tuition fees.. Sign in to your IRC... M Gmail YouTube Maps G www.google.com Notification Center a Laptop Battery for.. Chapter 9 - Budgeting Part 1 of 2 Saved Help Save & Exit Submit Check my work 11 4. Prepare a production budget 101 each of the montis July wirough vciover. Production budget July August September October 40 Budgeted sales (units) 7,200 5,700 4,700 points Add: Desired ending inventory 4, 140 Total needs 11,340 5.700 4,70 eBook Less: Beginning inventory Required production (units) 11,340 5,700 4,700 3. Prepare a direct materials purchases budget for synthetic rubber compound, by month and in total, for the third quarter. Also prepare a schedule of expected cash disbursements for synthetic rubber compound, by month and in total, for the third quarter. Mc Graw Hill Type here to search O W qb 2 21'C 10:44 PM ENG 22/07/22Question 11 - Chapter 9 - Budget X A Excel workbook for in-class demc x A Zoom recording of online class - x * Homework Help - Q&LA from Onl x + X C A ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fnewconnect.... > > FAN G COBATOO ... gym TR to PR How to make a req... Eligible tuition fees... Sign in to your IRC... M Gmail YouTube Maps G www.google.com Notification Center , Laptop Battery for.. Chapter 9 - Budgeting Part 1 of 2 Saved Help Save & Exit Submit Check my work 11 3. Prepare a direct materials purchases budget for synthetic rubber compound, by month and in total, for the third quarter. Also prepare a schedule of expected cash disbursements for synthetic rubber compound, by month and in total, for the third quarter. 40 points Direct materials purchases budget July August September Quarter eBook Required production (units) Material D236 needed per unit (kgs.) Production needs (kgs.) Total Material D236 needs Raw materials to be purchased Cost of raw materials to be purchased at $4.50 per kg Mc Graw Type here to search O W e qb 2 21'C A ) # 10:45 PM ENG 22/07/22Question 11 - Chapter 9 - Budget X A Excel workbook for in-class demc x A Zoom recording of online class - x * Homework Help - Q&LA from Onl x + X C A ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=08launchUrl=https%253A%252F%252Fnewconnect.... > > FAN G COBATOO ... gym TR to PR How to make a req... Eligible tuition fees... Sign in to your IRC... M Gmail YouTube Maps G www.google.com Notification Center a Laptop Battery for. Chapter 9 - Budgeting Part 1 of 2 Saved Help Save & Exit Submit Check my work 11 Raw materials to be purchased Cost of raw materials to be purchased at $4.50 per kg 40 points eBook Schedule of expected cash disbursement July August September Quarter Accounts payable, beginning balance July purchases: August purchases September purchases: Total cash disbursements Mc Graw Hill Type here to search O W qb 2 21.C ~ () 10:45 PM ENG 22/07/22