Puckett Company has provided the following budget information for the first quarter of 2018: Additional data related to the first quarter of 2018 for Puckett Company: E (Click the icon to view the budget information.) A (Click the icon to view the data.) Read the requirements. Requirement 1. Prepare Puckett Company's schedule of cash receipts from customers and schedule of cash payments for the first quarter of 2018. Begin by preparing the schedule of cash receipts from customers for the first quarter of 2018. Data Table Cash Receipts from Customers First Quarter 2018 Total sales 216,000 Total sales Budgeted purchases of direct materials 40,600 Cash Receipts from Customers: Budgeted direct labor cost 36,800 Accounts Receivable balance, December 31, 2017 Budgeted manufacturing overhead costs: 1st Qtr.-Sales Variable manufacturing overhead 1,025 Total cash receipts from customers Depreciation 1,000 Insurance and property taxes 6,650 Budgeted selling and administrative expenses: Accounts Receivable balance, March 31, 2018: Solorion oNDonr 14.000

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Management Information Systems

While undertaking any business decisions, data is the most important aspect. An information system (IS) is a set of data, computing devices and management methods that support routine company operations. A management information system (MIS) is a specific subset of IS.