Question

all the pictures go together...Thank you so much!

Waterways Continuing Problem 21 (Part Level Submission) Waterways Corporation is preparing its budget for the coming year, 2017. The first step is to plan for the first quarter of that coming year. Waterways gathered the following information from the managers. Sales Unit sales for November 2016 Unit sales for December 2016 Expected unit sales for January 2017 Expected unit sales for February 2017 Expected unit sales for March 2017 112,500 102,100 113,000 112,500 116,000 Expected unit sales for April 2017125,000 Expected unit sales for May 2017 Unit selling price 37,500 $12 waterways likes to keep 10% of the next month's unit sales in ending inventory. All sales are on account. 85% of the Accounts Receivable are collected in the month of sale, and 15% of the Accounts Receivable are collected in the month after sale. Accounts receivable on December 31, 2016, totaled $183,780 Direct Materials Inventory, Dec. 31 5,177.5 lbs 3,883.125 Ibs 1,294.375 lbs 10,355.0 lbs Amount Used per Unit Item Metal 1 lb 58c per lb. Plastic 12 oz 6ç per oz Rubber 4 oz5c per oz 2 lbs per unit Metal, plastic, and rubber together are 75c per pound per unit. waterways likes to keep 5% of the materials needed for the next month in its ending inventory. Payment for materials is made within 15 days. 50% is paid in the month of purchase, and 50% is paid in the month after purchase. Accounts Payable on December 31, 2016, totaled $120,595. Raw Materials on December 31, 2016, totaled 11,295 pounds

Answer 1

RAW MATERIAL PURCHASE BUDGET
			Jan	Feb	March	QUARTER	April
Budgeted Production units			112,950	112,850	116,900	342,700	126,250
Raw material per unit			2	2	2	2	2
Total Requirement			225,900	225,700	233,800	685,400	252,500
Add: Desired Ending Inventory			11,285	11,690	12,625	12,625
Total needs			237,185	237,390	246,425	698,025
Less: Beginning Inventory			10,355	11,285	11,690	10,355
Purchase Units			226,830	226,105	234,735	687,670
Cost price per unit			0.75	0.75	0.75	0.75
Budgeted Purchase in $			170,123	169,579	176,051	515,753
Note:
PRODUCTION BUDGET
			APRIL
Budgeted Sales Units			125,000
Add: Desired Ending Finished inventory			13,750
Total Needs			138,750
Less: Beginning Finished Inventory			12,500
Required Production in units			126,250