1.

Related data of Lilasari Company:                

April    10,000           

May     12,000           

June     14,000           

July      16,000           

August 18,000           

Sales price per unit     500.00           

What is the budgeted sales for the 2nd quarter?     

Answer: 18,000,000

2. Related data of Lilasari Company:                            

April    10,000                       

May     12,000                       

June     14,000                       

July      16,000                       

August 18,000                       

Sales price per unit     500.00                       

Collection in the month of sales is 80%.                    

Collection in the month following sale is 20%.                                                

The March 31, Accounts receivable of P50,000 will be collected in April.  

What is the expected cash collections for the 2nd quarter?        

Answer: 16,650,000

3. Related data of Lilasari Company:                                        

April    10,000                                   

May     12,000                                   

June     14,000                                   

July      16,000                                   

August 18,000                                   

Desired ending inventory is 25% of the following month's budgeted sales in units             

On March 31 units on hand is 8,000.                                    

What is the required production for May?

Answer: 12,500