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A company has budgeted direct materials purchases of $400000 in July and $560000 in August. Past experience indicates that the company pays for 70% of
A company has budgeted direct materials purchases of $400000 in July and $560000 in August. Past experience indicates that the company pays for 70% of its purchases in the month of purchase and the remaining 30% in the next month. During August, the following items were budgeted: The budgeted cash disbursements for August are $512000.$948000.$902000.$844000. Vaughn Manufacturing is planning to sell 1200 boxes of ceramic tile, with production estimated at 770 boxes during May. Each box of tile requires 44 pounds of clay mix and a 0.50 hour of direct labor. Clay mix costs $0.40 per pound and employees of the company are paid $20 per hour. Manufacturing overhead is applied at a rate of 110% of direct labor costs. Vaughn has 3700 pounds of clay mix in beginning inventory and wants to have 4700 pounds in ending inventory. What is the total amount to be budgeted for manufacturing overhead for the month? $33880$52800$8470$13200 Bonita Industries is planning to sell 1000 buckets and produce 580 buckets during March. Each bucket requires 200 grams of plastic and one-half hour of direct labor. Plastic costs $10 per 200 grams and employees of the company are paid $10 per hour. Manufacturing overhead is applied at a rate of 110% of direct labor costs. Bonita has 600 kilos of plastic in beginning inventory and wants to have 100 kilos in ending inventory. How much is the total amount of budgeted direct labor for March? $58000$2000$2900$1000
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