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5) Materials Budget Labor Budget, Cash Outlays(32 points) Natasha decides to create a chicken company selling various types of chicken nuggets t from the medical
5) Materials Budget Labor Budget, Cash Outlays(32 points) Natasha decides to create a chicken company selling various types of chicken nuggets t from the medical field. She decides to name her company Natasha Nuggets, which is cat o branch o catchy as wel ut Here is Natasha's Sales Budget April MayJune Budgeted Sales in Units (Nugget) Sales Price Per Nugget Total Budget Sales 100000 150000 180000 0.25 0.25 0.40 /$ 25,000 37,500 72,000 Most of Natasha's customers are non-business (consumers) who pay in Cash at time of sale (like we all do when we go out to eat). However, Natasha has several businesses that buy her nuggets and pay in full one-month later, 90% of Natasha's customers are consumers and 10% are businesses. a) -Due to Natasha's cash flush status, she starts the month with $200,000 cash on hand. PREPARE NATASHA'S CASH COLLECTIONS for the quarter (Natasha plans to sell 200,000 nuggets in July at $0.35/ nugget as she realized the $0.40/ nugget was too high in June (12 points) c) Related to questions A and B (but question C takes plan in the future).. Natasha finds that her October November December $10.00 business is successful and that there is still a market for eating nuggets... Nuggets Purchased by Natasha1 150,000 170,000 200,000 $11.50$9, Actual Price $9.00 Standard Price 10.00 10.00 10.00 Standard Units (For the quarter)520000 For the last quarter of the year, the following occurs as it relates to Natasha's material requisition form purchases COMPUTE THE PRICE VARIANCE AND QUANTITY VARIANCE FOR THE QUARTER (10 points)
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