3 4 5 6 Budgeted unit sales 7 8 Selling price per unit $37.50 9 Accounts receivable, beginning balance $103,078 20 All other expenses are paid the quarter they are incurred 21 22 Accounts payable for raw materials, beginning balance $ 89,500 23 Direct Labor Hours per unit 0.91 22.66 2.26 28,000 24 Direct Labor Rate per Hour 25 Variable Overhead per Unit 26 Fixed Overhead per quarter 1 40,100 $ 10 Sales collected in the quarter sales are made 59% 11 Sales collected in the quarter after sales are made 41% 12 Desired ending finished goods inventory is 30% of the budgeted unit sales of the next quarter 13 Finished goods inventory, beginning 12,960 units 14 Raw materials required to produce one unit 21 pounds 15 Desired ending inventory of raw materials is 10% of the next quarter's production needs 16 Raw materials inventory, beginning 24,870 pounds 17 Raw material costs $0.94 per pound 18 Raw materials purchases are paid 76% in the quarter the purchases are made and 24% in the quarter following purchase 19 $ Current Year Quarters 2 62,950 3 102,350 4 56,900 Next Year Quarters 1 2 71,900 $ $ 81,380 37.50 103,078 59% 41% 30% 12,960 21 10% 24,870 0.94 76% 24% MIX NICHT