8 ore Required information The Foundational 15 (Algo) (LO8-2, LOB-3,-8-4, LOB-S, LOB-7, LOB-9, LO8-10) The followinformation applies to the questions displayed below! Morganton Company makes one product and it provided the following information to help prepare the master budget 044554 a. The budgeted selling price per unit is $60. Budgeted unit sales for June July August, and September are 8.900 20.000.22,000, and 23,000 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 20% 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 mate'. The raw materials cost $2.50 per pound e. Thirty percent of raw materials purchases are paid for in the month of purchase and 70% in the following month - The direct labvage rate is $13 per hour. Each unit of finished goods requires two direct labor hours g. The variable Swag and administrative expense per unit sold is $150. The fixed selling and administrative expense per month is $70,000 orices Foundational 8-10 (Algo) 10. What is the total estimated direct labor cost for July? Total director dost of Required information The Foundational (Algo) (LO8-2, LO8-3, LO8-4, LO8-5, LO8-7. LO8-9, LO8-10) The following informavon applies to the questions displayed below! Morganton Company makes one product and it provided the following information to help prepare the master budget 3 04.46.19 a. The budgeted selling price per unit is $60. Budgeted unit sales for June July August, and September are 8.900, 20,000, 22,000, and 23.000 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 20% of the following month's unit sales d. The ending raw materials inventory equals 10% of the fowing month's raw materials production needs. Ench unit of finished goods requires 5 pounds of raw materials. The materials cost $2.50 per pound. e. Thirty percent of raw materials purchases are paid for in the month of purchase and 70%. In the following month f. The direct labor wage res $13 per hour. Each unit of finished goods requires two direct labor-hours. g. The variable selling and administrative expense per unit sold is 5150 The fixed selling and administrative expense per month is $70,000. BOK rences Foundational 8-11 (Algo) 11. If we assume that there is no fixed manufacturing overhead and the variable manufacturing overhead is $7 per direct labor hour, what is the estimated unit product cost? (Round your answer to 2 decimal places.) Unit Docs Part 1 of 3 Required information The Foundational (Algo) (LOB-2, LOB-3, LO8-4, LOB-S, LOB-7, LOB-9, LOB-10) 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 53 a. The budgeted selling price per unit is $60. Budgeted unit sales for June July August, and September 8.900 20,000, 22,000, and 23,000 units, respectively. All sales are on credit. b. Forty percent of credit sales are collected in the month of the sale and 50% in the following month c. The ending finished goods inventory equals 20% of the "owing month's unit sales d. The ending raw materials inventory equals 10% of the folle ding month's raw materials production needs. Each unit of finished goods requires pounds of raw materials. The raw materials cost $2.50 per pound e. Thirty percent of raw meals purchases are paid for in the month of purchase and 70% in the following month 1. The direct labor wage rate is $13 per hour. Each unit of finished goods requires two direct labor hours g. The variable selling and administrative expense per unit sold is $150. The fixed selling and administrative expense per month is $70,000 lock ferences Foundational 8-12 (Algo) 12. If we assume that there is no fixed manufacturing overhead and the variable manufacturing overhead is $7 per direct labor hour what is the estimated finished goods inventory balance at the end of July? Ending finished goods inventory Part 1 of 1 Required information The Foundational 15 (Algo) (LO8-2, LO8-3, LOB-4, LOB-5, LO8-7, LOB-9, LO8-10) The following information applies to the questions displayed below! Morganton Company makes one product and it provided following information to help prepare the master budget 53 int 2 463 a. The budgeted price per unit is $60. Budgeted unit sales for June July August, and September are 8,900, 20,000, 22,000, and 23.000 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 20% 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 $2.50 per pound e. Thirty percent of raw materials purchases are paid for in the month of purchase and 70% in the following month The direct labor wage rate is $13 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 $70,000 tok Print Foundational 8-12 (Algo) 12. If we assume that there is no fixed manufacturing overhead and the variable manufacturing overhead is $7 per direct labor hour what is the estimated finished goods inventory balance at the end of July? Ending finished goods inventory