14) KesselRinv makes one product and has provided the following information to help prepare the master budget for the next four months of operations: Budgeted selling price per unit Budgeted unit sales (all on credit): July August September October Production per month = 10,000 units Raw materials requirement per unit of output Raw materials cost Direct labor requirement per unit of output Direct labor wage rate $ 105 10,000 11,800 10,400 9,500 5 pounds $ 1.00 per pound 3 direct labor- hours $ 22.00 per direct labor-hour Variable selling and administrative expense Fixed selling and administrative expense $ 70,000 per month $ 3 per unit sold

14) Quad City DJs makes one product and has provided the following information to help prepare the master budget for the next four months of operations: Budgeted selling price per unit Budgeted unit sales (all on oredit): July August September Oatober $105 10,00011,80010,4009,500 Production per month =10,000 units Raw materials requirement per unit of 5 pounds output Raw materials oost Direot labor requixement per unit of \$1.00 per pound output 3 direct 1 abor- Direct labor wage rate hours $22,00 per direct labor-hour Variable seling and administrative $3 per unit sold expense Fixed selling and administrative expense $70,000 per month The ending finished goods inventory should equal 20% of the following month's sales. The ending raw materials inventory should equal 30% of the following month's raw materials production needs. The estimated selling and administrative expense for August is closest to: A) $70,000 B) $100,000 C) $105,400 D) $35,400 15) Which of the following statements is true? 1. In the manufacturing overhead budget, the non-cash charges (such as depreciation) are deducted from the total budgeted manufacturing overhead to determine the expected cash disbursements for manufacturing overhead. 2. The manufacturing overhead budget lists all costs of production other than direct materials and direct labor. A) Only statement I is true. B) Only statement II is true. C) Both statements are true. D) Neither statement is true