Please answer all requirements. First few have been answered, Thank you! Dalley

Question

Please answer all requirements. First few have been answered, Thank you!

Dalley Manufacturing is preparing its master budget for the first quarter of the upcoming year. The following data pertain to Dalley Manufacturing's operations: EB (Click the icon to view the data.) Read the requirements. (Click the icon to view additional data.) Requirement 1. Prepare a schedule of cash collections for January, February, and March, and for the quarter in total Dalley Manufacturing Cash Collections Budget For the Quarter Ended March 31 Month January February March $ 24,030 S 26,730 S 24,840 $ 75,600 171,640 Cash sales Credits sales Total cash collections Requirement 2. Prepare a production budget. (Hint: Unit sales Sales in dollars / Selling price per unit.) 53,200 56,070 62,370 $ 77,230 S 82,800 $ 87,210 $ 247,240

Explanation / Answer

CASH PAYMENT BUDGET FOR MATERIAL January Febuary March Quarter 20% of current month DM purchases 5499.6 5826 5559.6 16885.2 80% of Last month DM purchases 43000 21998.4 23304 88302.4 Total cash payments 48499.6 27824.4 28863.6 105187.6

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