Prepare a sales budget, by month and in total, for the Third quarter.

Required: Prepare:
1. Prepare a sales budget, by month and in total, for the Third quarter. (5 marks)
2. Prepare a schedule of expected cash collections, by month and in total, for the Third quarter. (20 marks)
3. Prepare a production budget for each of the months July, August, September and October. (12 marks)
4. Prepare a direct materials budget, by month and in total, for the Third quarter. (13 marks)
5. Prepare a schedule of expected cash disbursements, by month and in total, for the Third quarter. (15 marks)