Question P9-57A 1,2,3,4,5,6,7,8,9,10

PROBLEMS Group P9-57A Comprehensive budgeting problem (Learning Ob Objectives 2 &3) Martin Manufacturing is preparing its master budget for the first o year. The following data pertain to Martin Manufacturing's operations:rof the Current Assets as of December 31 (prior year): Cash....e Accounts receivable, net.. Inventory... s 4700u . $ 15,700 $120,00 $ 42,400 $12400 Property, plant, and equipment, net. $ 23,100 Retained earning. a. Actual sales in December were $70,000. Selling price per unit is projected to rem stable at $10 per unit throughout the budget period. Sales for the first five month i the upcoming year are budgeted to be as follows: January... 80,00 ANI March... April May ....$99,0 $97,000 ..$85,000 collected in the month follo b. Sales are 30% cash and 70% credit. All credit sales are ing the sale. PROBLEMS Group P9-57A Comprehensive budgeting problem (Learning Ob Objectives 2 &3) Martin Manufacturing is preparing its master budget for the first o year. The following data pertain to Martin Manufacturing's operations:rof the Current Assets as of December 31 (prior year): Cash....e Accounts receivable, net.. Inventory... s 4700u . $ 15,700 $120,00 $ 42,400 $12400 Property, plant, and equipment, net. $ 23,100 Retained earning. a. Actual sales in December were $70,000. Selling price per unit is projected to rem stable at $10 per unit throughout the budget period. Sales for the first five month i the upcoming year are budgeted to be as follows: January... 80,00 ANI March... April May ....$99,0 $97,000 ..$85,000 collected in the month follo b. Sales are 30% cash and 70% credit. All credit sales are ing the sale