Miller Corporation

Schedule of Budgeted Cash Collections from Sales

For January, February, and March
January February March
November ₱ 400,000 ₱ 32,000
December ₱ 240,000 ₱ 60,000 ₱ 19,200
January ₱ 400,000 ₱ 254,800 ₱ 100,000 ₱ 32,000
February ₱ 320,000 ₱ 203,840 ₱ 80,000
March ₱ 440,000 ₱ 280,280

Total Cash
Collections ₱ 346,800 ₱ 323,040 ₱ 392,280

A. 12,000
B. 26,000

March April May

Sales 15,000 20,000 40,000
Add: Desired Ending Inventory 6,000 12,000 18,000
Units Needed 21,000 32,000 58,000
Less:Beginning Inventory 5,300 6,000 12,000
Production 15,700 26,000 46,000

C. 7,800 yards (26,000 * 1.5 * 20%)

D. 20,900 yards

March April
Production 15,700 26,000
1.5 yards nylon 1.5 1.5
Nylon needed for production 23,550 39,000
Add: Desired Ending Inventory 7,800
Nylon needed 31,350
Less: Beginning Inventory 10,450
Purchases of nylon in yards 20,900

E. 10,400 yards (26,000 * 2 * 20%)