(Solved) Air Ducts, Inc. has prepared the following budgets for the second quarter of 2006.Air Ducts, ...

Air Ducts, Inc. has prepared the following budgets for the second quarter of 2006.

   Air Ducts, Inc.
   Selling and Administrative Expense Budget
   For the Quarter Ended June 30, 2006
   April   May   June   Total
Salaries and wages   $ 7,000   $ 8,000   $ 9,000   $ 24,000
Rent   1,000   1,000   1,000   3,000
Depreciation   2,000   2,000   2,000   6,000
Advertising   500   550   600   1,650
Other     3,000   3,500   4,000   10,500
Budgeted S & A Expense   $ 13,500   $ 15,050   $ 16,600   $ 45,150

   Air Ducts, Inc.
   Purchases Budget
   For the Quarter Ended June 30, 2006
   April   May   June   Total
Unit Sales   500   600   700   1,800
Desired ending inventory     180   210   225   615
Total units needed   680   810   925   2,415
Beginning Inventory     100   180   210   490
Total units to be purchased   580   630   715   1,925
Cost per unit     $75   $75   $80
Cost of purchases   $43,500   $47,250   $57,200   $147,950

Selling and administrative expenses are paid in the month incurred and purchases are paid in the month following the purchase. Purchases for March, 2006 are $40,000.

REQUIRED:
Prepare a cash payment schedule for the second quarter of 2006.

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Air Ducts, Inc. has prepared the following budgets for the second quarter of 2006.Air Ducts, ...

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