7 Required information The following information applies to the questions displayed below.) Morganton Company makes one product and it provided the following information to help prepare the master budget: Part 7 of 15 1 points look a. The budgeted selling price per unit is $60. Budgeted unit sales for June July August, and September are 8,300, 14,000. 16,000, and 17.000 units, respectively. All sales are on credit b. Forty percent of credit sales are collected in the month of the sole and 60% in the following month. c. The ending finished goods inventory equals 25% of the following month's unit soles. d. The ending raw materials inventory equals 10% of the following month's raw materials production needs. Each unit of finished goods requires 5 pounds of raw materials. The raw materials cost $2.00 per pound. e. Forty percent of raw materials purchases are paid for in the month of purchase and 60% in the following month. 1. The direct labor wage rate is $15 per hour. Each unit of finished goods requires two direct labor hours 9. The variable selling and administrative expense per unit sold is $1.50. The fixed selling and administrative expense per month is $64,000 Part References 7. In July what are the total estimated cash disbursements for raw materials purchases? Assume the cost of raw material purchases in June is $102,025, and 81,250 pounds of raw materials are needed to meet production in August Totalcash dsbursements 8 Required information The following information applies to the questions displayed below) Porte Part 3 of 15 Morganton Company makes one product and it provided the following information to help prepare the master budget 1 points eBook Print a. The budgeted selling price per unit is $60. Budgeted unit sales for June July August, and September are 8,300, 14,000, 16,000, and 17.000 units, respectively. All sales are on credit b. Forty percent of credit sales are collected in the month of the sale and 60% in the following month. c. The ending finished goods Inventory equals 25% 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 5 pounds of raw materials. The raw materials cost $2.00 per pound. e. Forty percent of raw materials purchases are paid for in the month of purchase and 60% in the following month. 1 The direct labor wage rate is $15 per hour. Each unit of finished goods requires two direct labor-hours, 9. The variable selling and administrative expense per unit sold is $150. The fixed selling and administrative expense per month is $64,000 References 8. If 81,250 pounds of raw materials are needed to meet production in August, what is the estimated accounts payable balance at the end of July? Accounts payable 9 Part 9 of 15 Required information The following information applies to the questions displayed below) Morganton Company makes one product and it provided the following information to help prepare the master budget: 1 points OK PA a. The budgeted selling price per unit is $60. Budgeted unit sales for June July August, and September are 8,300, 14,000. 16,000, and 17,000 units, respectively. All sales are on credit b. Forty percent of credit sales are collected in the month of the sale and 60% in the following month c. The ending finished goods inventory equals 25% 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 5 pounds of raw materials. The raw materials cost $200 per pound, e. Forty percent of raw materials purchases are paid for in the month of purchase and 60% in the following month 1. The direct labor wage rate is $15 per hour. Each unit of finished goods requires two direct labor hours. 9. The variable selling and administrative expense per unit sold is $1.50. The fixed selling and administrative expense per month is $64.000 References 9. If 81.250 pounds of raw materials are needed to meet production in August, what is the estimated raw materials inventory balance at the end of July? Rin malonial inventory balance