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Chapter 8 homework

I put two question because The first one someone put the answers in chegg, but I couldn't understand the order. If you can help me with this two problems thank you.

The marketing department of Jessi Corporation has submitted the following sales forecast for the upcoming fiscal year (all sales are on account):

	1st Quarter	2nd Quarter	3rd Quarter	4th Quarter
Budgeted unit sales	12,600	13,600	15,600	14,600

The selling price of the companys product is $25 per unit. Management expects to collect 65% of sales in the quarter in which the sales are made, 30% 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 $73,400.

The company expects to start the first quarter with 2,520 units in finished goods inventory. Management desires an ending finished goods inventory in each quarter equal to 20% of the next quarters budgeted sales. The desired ending finished goods inventory for the fourth quarter is 2,720 units.

Required:

1-a.	Compute the companys total sales.

1-b.	Complete the schedule of expected cash collections. (table above)
2.	Prepare the companys production budget for the upcoming fiscal year.

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Pearl Products Limited of Shenzhen, China, manufactures and distributes toys throughout South East Asia. Three cubic centimeters (cc) of solvent H300 are required to manufacture each unit of Supermix, one of the companys products. The company is now planning raw materials needs for the third quarter, the quarter in which peak sales of Supermix occur. To keep production and sales moving smoothly, the company has the following inventory requirements:

a.	The finished goods inventory on hand at the end of each month must be equal to 2,000 units of Supermix plus 20% of the next months sales. The finished goods inventory on June 30 is budgeted to be 13,000 units.
b.	The raw materials inventory on hand at the end of each month must be equal to one-half of the following months production needs for raw materials. The raw materials inventory on June 30 is budgeted to be 74,000 cc of solvent H300.
c.	The company maintains no work in process inventories.

A sales budget for Supermix for the last six months of the year follows.

	Budgeted Sales in Units
July	55,000
August	60,000
September	70,000
October	50,000
November	40,000
December	30,000

Required:
1.	Prepare a production budget for Supermix for the months July, August, September, and October.

3.	Prepare a direct materials budget showing the quantity of solvent H300 to be purchased for July, August, and September, and for the quarter in total. (table above)

Required 1-a. Compute the company's total sales Jessi Corporation Sales Budget Year 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter 14,600 25 $ 315,000 340,000 390,000 365,000 12,600 Budgeted units sales Selling price per unit S Total sales 13,600 15,600 25 S 25 $ 25 $ 1-b. Complete the schedule of expected cash collections Jessi Corporation Schedule of Expected Cash Collections 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Year $ 73,400 $ 73,400 Beginning accounts receivable 1st Quarter sales 2nd Quarter sales 3rd Quarter sales 4th Quarter sales Total cash collections 0 0 0 73,400 $ 73,400 0

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