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0 Required information Ramos Co provides the following sales forecast and production budget for the next four months April May Sales (units) Budgeted production (units)

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0 Required information Ramos Co provides the following sales forecast and production budget for the next four months April May Sales (units) Budgeted production (units) 630 570 710 700 June 660 670 July 730 670 The company plans for finished goods inventory of 250 units at the end of June. In addition, each finished unit requires 5 pounds of direct materials and the company wants to end each month with direct materials inventory equal to 20% of next month's production needs. Beginning direct materials inventory for April was 570 pounds Direct materials cost $2 per pound. Each finished unit requires 0.40 hours of direct labor at the rate of $12 per hour The company budgets variable overhead at the rate of $16 per direct labor hour and budgets fixed overhead of $9,300 per month Prepare a direct materials budget for April, May, and June RAMOS CO Direct Materials Budget For April, May, and June April 570 May June Budget production (units) 700 670 units Materials nooded for production (bs) Total materials requiroments (lbs) 0 0 0 0 Materials to be purchased (lbs) Materials price por pound Budgeted cost of direct materials purchases The production budget for Manner Company shows units to be produced as follows: July, 580: August, 640, and September, 500 Each unit produced requires three hours of direct labor. The direct labor rate is currently $16 per hour but is predicted to be $16.75 per hour in September Prepare a direct tabor budget for the months July August, and September MANNER COMPANY Direct Labor Budget For July, August, and September July August 580 640 Budited production (units) September 500 units Total labor hours needed Budgeted direct labor cost Santos Co is preparing a cash budget for February. The company has $15.000 cash at the beginning of February and anticipates $72.000 in cash receipts and $104,000 in cash payments during February. What amount, if any, must the company borrow during February to maintain a $5,000 cash balance? The company has no loans outstanding on February 1 (Negative cash balances, if any. should be indicated with minus sign.) SANTOS CO Cash Budget For Month Ended February 28 Beginning cash balance Total cash available Preliminary cash balance Ending cash balance

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