11 The Puyer Corporation makes and sells only one product called a Deb. The company is in the process of preparing its Selling and Administrative Expense Budget for next year. The following budget data are available: Monthly Fixed Cost Sales commissions Shipping Advertising Executive salaries Depreciation on office equipment Other $51,700 $61,700 $21,700 $41,700 All of these expenses (except depreciation) are paid in cash in the month they are incurred. If the company has budgeted to sell 16,700 Debs in February, then the total budgeted fixed selling and administrative expenses for February is: 1 Required information (The following information applies to the questions displayed below.) Part 1 of 15 Morganton Company makes one product and it provided the following information to help prepare the master budget: 10 points Print a. The budgeted selling price per unit is $60. Budgeted unit sales for June, July, August, and September are 9,800, 29,000, 31,000, and 32,000 units, respectively. All sales are on credit b. Thirty percent of credit sales are collected in the month of the sale and 70% in the following month. C. The ending finished goods inventory equals 20% of the following month's unit sales. d. The ending raw materials inventory equals 10% of the following month's raw materials production needs. Each unit of finished goods requires 4 pounds of raw materials. The raw materials cost $2.50 per pound. e. Thirty percent of raw materials purchases are paid for in the month of purchase and 70% in the following month. f. The direct labor wage rate is $15 per hour. Each unit of finished goods requires two direct labor-hours. g. The variable selling and administrative expense per unit sold is $1.80. The fixed selling and administrative expense per month is $68,000 Required: 1. What are the budgeted sales for July? 11 The Puyer Corporation makes and sells only one product called a Deb. The company is in the process of preparing its Selling and Administrative Expense Budget for next year. The following budget data are available: Monthly Fixed Cost Sales commissions Shipping Advertising Executive salaries Depreciation on office equipment Other $51,700 $61,700 $21,700 $41,700 All of these expenses (except depreciation) are paid in cash in the month they are incurred. If the company has budgeted to sell 16,700 Debs in February, then the total budgeted fixed selling and administrative expenses for February is: 1 Required information (The following information applies to the questions displayed below.) Part 1 of 15 Morganton Company makes one product and it provided the following information to help prepare the master budget: 10 points Print a. The budgeted selling price per unit is $60. Budgeted unit sales for June, July, August, and September are 9,800, 29,000, 31,000, and 32,000 units, respectively. All sales are on credit b. Thirty percent of credit sales are collected in the month of the sale and 70% in the following month. C. The ending finished goods inventory equals 20% of the following month's unit sales. d. The ending raw materials inventory equals 10% of the following month's raw materials production needs. Each unit of finished goods requires 4 pounds of raw materials. The raw materials cost $2.50 per pound. e. Thirty percent of raw materials purchases are paid for in the month of purchase and 70% in the following month. f. The direct labor wage rate is $15 per hour. Each unit of finished goods requires two direct labor-hours. g. The variable selling and administrative expense per unit sold is $1.80. The fixed selling and administrative expense per month is $68,000 Required: 1. What are the budgeted sales for July