1.Paradise Corporation

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' Variable Fixed East cost Per Deb sold Sales commissions $9.99 Shipping $1.49 Advertising $56,966 $6.29 Executive salaries $66,966 Depreciation on office equipment $26,966 Other $49, 999 All of these expenses {except depreciation] are paid in cash in the month they are incurred. If the company has budgeted to sell 15,900 Debs in February, then the total budgeted xed selling and administrative expenses for February is: \fTracie Corporation manufactures and sells women's skirts. Each skirt (unit) requires 2.2 yards of cloth. Selected data from Tracie's master budget for next quarter are shown below: July August September Budgeted sales (in units) 7, 600 9, 600 11, 600 Budgeted production (in units) 8, 600 11, 100 13, 600 Each unit requires 0.8 hours of direct labor, and the average hourly cost of Tracie's direct labor is $18. What is the cost of Tracie Corporation's direct labor in September?\fHarrti Corporation has budgeted for the following sales: July $446,000 August $581, 000 September $615, 500 October $890, 500 November $735,000 December $695,000 Sales are collected as follows: 15% in the month of sale; 65% in the month following the sale; and the remaining 20% in the second month following the sale. In Harrti's budgeted balance sheet at December 31, at what amount will accounts receivable be shown?Sarany Corporation is in the process of preparing its annual budget. The following beginning and ending inventory levels are planned for the year. Beginning E'n'cfi'm'g'= Inventory Inventory Finished goods (units) 23,868 33,936 Raw material (grams) 53,860 43,869 Each unit of nished goods requires 2 grams of raw material. The company plans to sell 180,000 units during the year. The number of units the company would have to manufacture during the year would be: Paradise Corporation budgets on an annual basis for its scal year. The following beginning and ending inventory levels (in units) are planned for next year. Beginning Ending Inventory Inventory Raw material* 53,959 63,399 Finished goods 93,989 63,388 \" Three pounds of raw material are needed to produce each unit offinished product. If Paradise Corporation plans to sell 545,000 units during next year. the number of units it would have to manufacture during the year would be: Harden, lnc., has budgeted sales in units for the next ve months as follows: June 8,888 units July ?,188 units August 8,988 units September 8,688 units October 6,?88 units ' Past experience has shown that the ending inventory for each month should be equal to 15% of the next month's sales in units. The inventory on May 31 contained 1,320 units. The company needs to prepare a production budget for the next ve months. The beginning inventory for September should be: Sarany Corporation is in the process of preparing its annual budget. The following beginning and ending inventory levels are planned for the year. Beginning Ending Inventor-y Initento'ry' Finished goods {units} 29,999 39,999 Raw material (grams) 59,999 49,999 Each unit of finished goods requires 2 grams of raw material. The company plans to sell 150,000 units during the year. How much of the raw material should the company purchase during the year? \fRequiredl i Required3 I Prepare a direct materials budget showing the-quantity of solvent H300 to be purchased'lor July, August, and September, and fur the quarter in total. Units of raw materials needed per unit at nished goods Units of raw materials needed ta meet production Total units of raw materials needed _I_I_I_ Units of raw materials to the purchased