The question

answer those parts with provide steps a,b,c,d,e

The data below pertains to the second quarter of FIFA Company which manufactures badges. Below are the estimated sales (in units): a. The selling price of the toy is $10 per unit. b. All sales are on account. Based on past experience, sales are collected in the following pattern: c. Sales for March totaled $350,000. d. The company maintains finished goods inventories equal to 15% of the following month's sales. This requirement will be met at the end of March. e. Each Badge requires 2 pounds of raw materials. f. The company requires that the ending inventory of raw materials be equal to 20% of the following month's production needs. ACC 1103 GROUP PROEECT g. The raw materials costs $2.5 per pound. h. 40% of a month's purchases of raw materials is paid for in the month of purchase; the remainder is paid for in the following month. i. The accounts payable on March 31 for purchases of raw materials will be $78,000 Required: Prepare: a. Prepare a sales budget, by month and in total, for the Second quarter. (3 marks) b. Prepare a schedule of expected cash collections, by month and in total, for the quarter. (11 marks) c. Prepare a production budget for each of the months April, May, June and July. (10 marks) d. Prepare a direct materials budget, by month and in total, for the quarter. (12 marks) e. Prepare a schedule of expected cash disbursements, by month and in total, for the quarter. (12 marks) The data below pertains to the second quarter of FIFA Company which manufactures badges. Below are the estimated sales (in units): a. The selling price of the toy is $10 per unit. b. All sales are on account. Based on past experience, sales are collected in the following pattern: c. Sales for March totaled $350,000. d. The company maintains finished goods inventories equal to 15% of the following month's sales. This requirement will be met at the end of March. e. Each Badge requires 2 pounds of raw materials. f. The company requires that the ending inventory of raw materials be equal to 20% of the following month's production needs. ACC 1103 GROUP PROEECT g. The raw materials costs $2.5 per pound. h. 40% of a month's purchases of raw materials is paid for in the month of purchase; the remainder is paid for in the following month. i. The accounts payable on March 31 for purchases of raw materials will be $78,000 Required: Prepare: a. Prepare a sales budget, by month and in total, for the Second quarter. (3 marks) b. Prepare a schedule of expected cash collections, by month and in total, for the quarter. (11 marks) c. Prepare a production budget for each of the months April, May, June and July. (10 marks) d. Prepare a direct materials budget, by month and in total, for the quarter. (12 marks) e. Prepare a schedule of expected cash disbursements, by month and in total, for the quarter. (12 marks)