The Bear Corporation will begin business operations on January 1, 2021. Below is the anticipated SALES BUDGET (in units)

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The Bear Corporation Will Begin Business Operations On January 1 2021 Below Is The Anticipated Sales Budget In Units 1 (72.71 KiB) Viewed 26 times

The Bear Corporation will begin business operations on January 1, 2021. Below is the anticipated SALES BUDGET (in units): 43 Jan. Feb. Mar. Apr. May 0,000 2 30,000 50,000 10,000 30,000 1. Tocomplete the unitates threats the third, fourthi, fiftrand sixth disits of your menu in the blanks. If any of these digits contains (", use instead. Example: If student ID number is 00607357 The sales ferocas would be: January 60,000 February March 20.000 April 30,000 ADDITIONAL INFORMATION Ending finished goods inventory should be equal to 10% of next month's sales projection. b. Each unit requires 3 pounds of material at a raw material cost of $5 per pound. a. c: e. Labor cost is $10 per unit produced. d. Ending raw material inventory should be equal to 20% of next month's material requirement. Factory overhead is $18,000 per month of which $8,000 is for depreciation. f. All costs are paid in the month incurred except for purchases which is paid in the following month. The selling price per unit is $100. REQUIRED: Using Excel, in good form: Prepare a SALES BUDGET for the first quarter (January through March). Prepare a PRODUCTION BUDGET for the first quarter (January through March). Prepare a Raw Materials PURCHASES BUDGET for the first quarter (Jan. through Mar.) Prepare a CASH DISBURSEMENTS budget for the first quarter (January through March).