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a . The budgeted selling price per unit is $ 7 0 . Budgeted unit sales for June, July, August, and September are 9 ,

a. The budgeted selling price per unit is $70. Budgeted unit sales for June, July, August, and September are 9,100,22,000,24,000, and 25,000 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 4 pounds of raw materials. The raw materials cost $2.50 per pound.
e. Forty percent of raw materials purchases are paid for in the month of purchase and 60% in the following month.
f. The direct labor wage rate is $12 per hour. Each unit of finished goods requires two direct labor-hours.
g. The variable selling and administrative expense per unit sold is $1.70. The fixed selling and administrative expense per month is $61,000.
Foundational 8-8(Algo)
a. The budgeted selling price per unit is $70. Budgeted unit sales for June, July, August, and September are 9,100,22,000,24,000, and 25,000 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 4 pounds of raw materials. The raw materials cost $2.50 per pound.
e. Forty percent of raw materials purchases are paid for in the month of purchase and 60% in the following month.
f. The direct labor wage rate is $12 per hour. Each unit of finished goods requires two direct labor-hours.
g. The variable selling and administrative expense per unit sold is $1.70. The fixed selling and administrative expense per month is $61,000.
Foundational 8-7(Algo)
7. In July what are the total estimated cash disbursements for raw materials purchases? Assume the cost of raw material purchases in June is $127,520, and $96,800 pounds of raw materials are needed to meet production in August.
Total cash disbursements
8. If 96,800 pounds of raw materials are needed to meet production in August, what is the estimated accounts payable balance at the end of July?
9. If 96,800 pounds of raw materials are needed to meet production in August, what is the estimated raw materials inventory balance at the end of July?
10.What is the total estimated direct labor cost for July?
11.If we assume that there is no fixed manufacturing overhead and the variable manufacturing overhead is $12 per direct labor-hour, what is the estimated unit product cost? (Round answer 2 decimal places)
12.If we assume that there is no fixed manufacturing overhead and the variable manufacturing overhead is $12 per direct labor-hour, what is the estimated finished goods inventory balance at the end of July?
13.If we assume that there is no fixed manufacturing overhead and the variable manufacturing overhead is $12 per direct labor-hour, what is the estimated cost of goods sold and gross margin for July?
[Estimated cost of goods sold]:
[Estimated gross margin]
14.What is the estimated total selling and administrating expenses for July?
15.If
we assume that there is no fixed manufacturing overhead and the variable manufacturing overhead is $12 per direct labor-hour, what is the estimated net operating income for July?
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