1.

Renegade Inc. projected sales of 86,000 personal journals for 20Y6. The estimated January 1, 20Y6, inventory is 4,300 units, and the desired December 31, 20Y6, inventory is 9,000 units.

What is the budgeted production (in units) for 20Y6? _________ units

2.

Killingsworth Inc. budgeted production of 26,000 personal journals in 20Y6. Paper is required to produce a journal. Assume 68 square yards of paper are required for each journal. The estimated January 1, 20Y6, paper inventory is 106,000 square yards. The desired December 31, 20Y6, paper inventory is 97,000 square yards.

If paper costs $0.16 per square yard, determine the direct materials purchases budget for 20Y6. If required, round your final answer to the nearest dollar. $____________

3.

Dauber Inc. budgeted production of 60,000 personal journals in 20Y6. Each journal requires assembly. Assume that 20 minutes are required to assemble each journal.

If assembly labor costs $9.75 per hour, determine the direct labor cost budget for 20Y6. Do not round your intermediate calculations but, if required, round your final answer to the nearest dollar. $__________

4.

Wallace Inc. collects 50% of its sales on account in the month of the sale and 50% in the month following the sale. If sales on account are budgeted to be $244,000 for September and $271,000 for October, what are the budgeted cash receipts from sales on account for October? $____________