1. what are the budget sales for july?

2. what are the expected cash collections for July?

3. what is the accounts receivable balance at the end if July?

5. if 91,000 pounds of raw materials are needed to meet production in August, how many pounds of raw materials should be purchased in July?

6. what is the estimated cost of raw materials purchases for july?

8. what is the estimated accounts payable balance at the end of july?

9. what is the estimated raw materials inventory balance at the end of july?

10. what is the total estimated direct labor cost for july assuming the direct labor workforce is adjusted to match the hours required to produce the forecasted number of units produced?

12. what is the estimated finished goods inventory balance at the end of july, if the company always uses an estimated predetermined plantwide overhead rate of $8 per direct labor-hour?

13. what is the estimated cost of goods sold and gross margin for july, if the company always uses an estimated predetermined plantwide overhead rate of $8 per direct labor-hour?

The following in to the questions below first four months of operations COD and 19000 u r ectively. All sales are on credit Morganton Company makes one product and it provided the following information to be prepare the master budget for The budgeted sling price per unit is 570. Budgeted unt sales for June July August September are 8500 16000 b. Forty percent of credit sales are collected in the month of the sale and cosine following month The ending finished goods inventory equals 20% of the following month's unit les The sing raw materials inventory 10% of the following o m production Deeds Lachun Thirty percent of raw materials purchases are paid for in the month of purchase and 705 in the folowego The direct labor wage rate is 15 per hour Each unit of fished goods recurso de labor hours The beveling and d rive expense per un sod 170: The Big e doces requires pounds from The row materials cost $200 per pound