Question
1.) Flagstaff Company has budgeted production units of 9,500 for July and 9,700 for August. The direct labor requirement per unit is 0.40 hours. Labor
1.) Flagstaff Company has budgeted production units of 9,500 for July and 9,700 for August. The direct labor requirement per unit is 0.40 hours. Labor is paid at the rate of $22 per hour. The total cost of direct labor budgeted for the month of August is
2.) Ratchet Manufacturing anticipates total sales for August, September, and October of $300,000, $310,000, and $320,500 respectively. Cash sales are normally 20% of total sales and the remaining sales are on credit. All credit sales are collected in the first month after the sale. Compute the amount of accounts receivable to be reported on the company's budgeted balance sheet at the end of August.
3.) Alliance Company budgets production of 39,000 units in January and 43,000 units in February. Each finished unit requires 4 pounds of raw material K that costs $3.50 per pound. Each month's ending raw materials inventory should equal 30% of the following month's budgeted materials. The January 1 inventory for this material is 46,800 pounds. What is the budgeted materials needed in pounds for January?
4.) Alliance Company budgets production of 39,000 units in January and 43,000 units in February. Each finished unit requires 4 pounds of raw material K that costs $3.50 per pound. Each month's ending raw materials inventory should equal 30% of the following month's budgeted materials. The January 1 inventory for this material is 46,800 pounds. What is the budgeted materials needed in pounds for January?
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