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a . What are the budgeted sales for November? b . What are the expected cash collections for November? c . What is the budgeted
a What are the budgeted sales for November?
b What are the expected cash collections for November?
c What is the budgeted accounts receivable balance at the end of November?
d According to the production budget, how many units should be produced in
November?
e If pounds of raw materials are needed for production in December, how many
pounds of raw materials should be purchased in November?
f What is the estimated cost of raw materials purchases for November?
g If the cost of raw material purchases in October is $ then in November what
are the total estimated cash disbursements for raw materials purchases?
h What is the estimated accounts payable balance at the end of November?
i What is the estimated raw materials inventory balance at the end of November?
j What is the total estimated direct labor cost for November assuming the direct labor
workforce is adjusted to match the hours required to produce the forecasted number of
units produced?
k For simplicity, we will assume that there is no fixed manufacturing overhead and that
the variable manufacturing overhead is $ per direct laborhour. What is the estimated
unit product cost?
l What is the estimated finished goods inventory balance at the end of November?
m What is the estimated cost of goods sold and gross margin for November?
n What is the estimated total selling and administrative expense for November?
o What is the estimated net operating income for November?
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