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Milo Company manufactures beach umbrellas. The company is preparing detailed budgets for the third quarter and has assembled the following information to assist in the budget preparation a The Marketing Department has estimated sales as follows for the remainder of the year in units). July August September 39,000 88,eee 57,600 October November December 29,000 15,500 16,000 The selling price of the beach umbrellas is $15 per unit b. All sales are on account. Based on past experience, sales are collected in the following pattern 30% in the month of sale 65% in the month following sale 5% uncollectible Sales for June totaled $555.000 c The company maintains finished goods inventories eaual to 15% of the following month's sales. This requirement will be met at the Check my w c. The company maintains finished goods inventories equal to 15% of the following month's sales. This requirement will be met at the end of June d. Each beach umbrella requires 4 feet of Gilden, a material that is sometimes hard to acquire. Therefore, the company requires that the ending inventory of Gilden be equal to 50% of the following month's production needs. The inventory of Gilden on hand at the beginning and end of the quarter will be June 30 September 30 22,700 feet 7 feet . e Gilden costs $0.80 per foot. One-half of a month's purchases of Gilden is paid for in the month of purchase the remainder is paid for in the following month. The accounts payable on July 1 for purchases of Gilden during June will be $66,920 Required: 1 Calculate the estimated sales, by month and in total, for the third quarter 2. Calculate the expected cash collections, by month and in total, for the third quarter. 3. Calculate the estimated quantity of beach umbrellas that need to be produced in July, August September and October 4. Calculate the quantity of Gilden (in feet) that needs to be purchased by month and in total, for the third quarter 5. Calculate the cost of the raw material (Gilden) purchases by month and in total, for the third quarter 6. Calculate the expected cash disbursements for raw material (Gilden) purchases, by month and in total, for the third quarter Complete this question by entering your answers in the tabs below. for in the following month. The accounts payable on July 1 for purchases of Gilden during June will be $66,920 Required: 1. Calculate the estimated sales, by month and in total, for the third quarter 2 Calculate the expected cash collections, by month and in total, for the third quarter 3. Calculate the estimated quantity of beach umbrellas that need to be produced in July August September, and October 4. Calculate the quantity of Gilden (in feet) that needs to be purchased by month and in total, for the third quarter. 5. Calculate the cost of the raw material (Gilden) purchases by month and in total, for the third quarter 6. Calculate the expected cash disbursements for raw material (Gilden) purchases, by month and in total for the third quarter Complete this question by entering your answers in the tabs below. Reg 2 Reg 1 Reg Reg 4 and 5 Reg 6 Calculate the estimated sales, by month and in total, for the third quarter July August September Quarter Budgeted sales Reg 2 > 10 points Required: 1. Calculate the estimated sales, by month and in total, for the third quarter, 2 Calculate the expected cash collections, by month and in total, for the third quarter. 3. Calculate the estimated quantity of beach umbrellas that need to be produced in July, August Septer 4 Calculate the quantity of Gilden (in feet) that needs to be purchased by month and in total, for the thir 5. Calculate the cost of the raw material (Gilden) purchases by month and in total, for the third quarter 6. Calculate the expected cash disbursements for raw material (Gilden) purchases, by month and in tota Sipped References Complete this question by entering your answers in the tabs below. Req 1 Reg 2 Reg 3 Req 4 and 5 Req 6 Calculate the expected cash collections, by month and in total for the third quarter. July August September Quarter Total cash collections MC Brey 1 of 4 Next > 10 points Required: 1. Calculate the estimated sales, by month and in total, for the third quarter 2. Calculate the expected cash collections, by month and in total, for the third quarter 3. Calculate the estimated quantity of beach umbrellas that need to be produced in July August, September, and October 4. Calculate the quantity of Gilden (in feet) that needs to be purchased by month and in total, for the third quarter 5. Calculate the cost of the raw material (Gilden) purchases by month and infot, for the third quarter. 6. Calculate the expected cash disbursements for raw material (Gilden) push, by month and in total, for the third quarter Sipped References Complete this question by entering your answers in the tabs below. Reg 1 Reg 2 Rea 1 Reg 4 and 5 Reg 6 Calculate the estimated quantity of beach umbrellas that need to be produced in July, August, September, and October July August September October Required production in units 2. Calculate the expected cash collections, by month and in total, for the third quarter 3. Calculate the estimated quantity of beach umbrellas that need to be produced in July, August September, a 4. Calculate the quantity of Gilden (in feet) that needs to be purchased by month and in total for the third quar 5. Calculate the cost of the raw material (Gilden) purchases by month and in total, for the third quarter. 6. Calculate the expected cash disbursements for raw material (Gilden) purchases, by month and in total for th Complete this question by entering your answers in the tabs below. Reg 1 Req 2 Reg 3 Req 4 and 5 Reg 6 Calculate the quantity of Gilden (in feet) that needs to be purchased by month and in total, for the third quarter cost of the raw material (Gilden) purchases by month and in total, for the third quarter. (Round your unit cost of - materials to 2 decimal places.) July August September Quarter Total units of raw materials to be purchased Cost of raw materials to be purchased Reg 3 Req6 > Next Sed HW ILOILUIDIC LICESCU DOIC, WE HUICHUI LOLOI, TE U Ulu Yuan 2. Calculate the expected cash collections, by month and in total, for the third quarter. 3. Calculate the estimated quantity of beach umbrellas that need to be produced in July, August September, and October 4. Calculate the quantity of Gilden (in feet) that needs to be purchased by month and in total, for the third quarter. 5. Calculate the cost of the raw material (Gilden) purchases by month and in or the third quarter. 6. Calculate the expected cash disbursements for raw material (Gilden) purchases, by month and in total, for the third quarter Complete this question by entering your answers in the tabs below. Reg 2 Req 1 Reg 3 Req 4 and 5 Red 6 Calculate the expected cash disbursements for raw material (Gilden) purchases, by month and in total, for the third quarter. July August September Quarter Total cash disbursements

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