Ingersoll Company's sales are 50% in cash and 50% on credit. Seventy percent of the credit sales are collected in the month of sale, 20% in the month following sale, and 5% in the second month following sale. The remainder are uncollectible. The following are budgeted sales data:

Total cash receipts in December would be budgeted to be:

Rand Company plans to sell 48,000 units during the month of August. If the company has 10,000 units on hand at the start of the month, and plans to have 8,000 units on hand at the end of the month, how many units must be produced during the month?

Pixel Company produces and sells photo albums. To guard against out of stock situations, the company requires that 20% of the next month's sales be on hand at the end of each month. Budgeted sales of photo albums over the next four months are:

Budgeted production for March would be:

The Davies Company has budgeted production for next year as follows:

Ten pounds of raw materials are required for each unit produced. Raw materials on hand at the start of the year totals 10,000 lbs. The raw materials inventory at the end of each quarter should equal 10% of the next quarter's production needs. Budgeted purchases of raw materials in the second quarter would be: