Yellow Company makes three products in a single facility. Data concerning these products follow: Products A B $62.70 $57.40 $75.45 Selling price per unit Direct materials $ 12.30 $12.40 157.70 Direct labour $18.35 $12.45 $9.52 $2.70 $3.35 $1.90 $5.78 |$4.65 $6.13 Variable manufacturing overhead Variable selling cost per unit Mixing minutes per unit Direct materials in KG per unit Monthly demand in units 7.35 18.70 3.80 15.74 4.15 7.62 3,000 2,000 1.000 The mixing machines and direct materials used are potentially constraints in the production facility. A total of 28,200 minutes are available per month on these machines. Direct labour is a variable cost in this company. Total direct materials available are 42,000 kg. Required: 1.) In what order should Yellow Company produce its products if mixing minutes per unit are the only production constraint? (6 points) 2.) In what order should Yellow Company produce its products if direct materials used are the only production constraint? (6 points) Michael Scott Paper Company has begun its first year of operations, Michael has heard that you are an expert on budgeting and has asked you to help him prepare some relevant budgets. He has submitted the following sales forecast for the upcoming fiscal year (all sales are on account: 1st Quarter 2nd Quarter Brd Quarter 4th Quarter Budgeted unit sales 17,000 13,000 32,000 26,000 The selling price of the company's product is $15.00 per unit. Management expects to collect 70% of sales in the quarter in which the sales are made, 25% in the following quarter and 5% of sales are expected to be uncollectible. The beginning balance of accounts receivable, all of which is expected to be collected in the first quarter, is $32,000. The company expects to start the first quarter with 2,450 units in finished goods inventory. Management desires an ending finished goods inventory in each quarter equal to 20% of the next quarter's budgeted sales. The desired ending finished goods inventory for the fourth quarter IS 3,250 units Required: You may use the table provided to complete the budgets, or upload a Microsoft Word Microsoft Excel , or PDF file. a) Compute the company's total sales b) Complete the schedule of expected cash collections. c) Prepare the company's production budget for the upcoming fiscal year