a.The budgeted sales for May are computed as follows:
b.The expected cash collections for May are computed as follows:
c.The budgeted accounts receivable balance at the end of May is:
d.The budgeted required production for May is computed as follows:
*June sales of 10,100 units × 30% = 3,030 units
** May sales of 10,600 units × 30%= 3,180 units
e.The budgeted raw material purchases for May are computed as follows:
* 23,260 pounds × 40% = 9,304 pounds.
** 20,900 pounds × 40% = 8,360 pounds.
f.The budgeted cost of raw material purchases for May is computed as follows:
g.The estimated cash disbursements for materials purchases in May is computed as follows:
h.The budgeted accounts payable balance at the end of May is:
i.The estimated raw materials inventory balance at the end of May is computed as follows:
j.The estimated direct labor cost for May is computed as follows:
k.The estimated unit product cost is computed as follows:
l.The estimated finished goods inventory balance at the end of May is computed as follows: