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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 40,000 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 $201,040, 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 $7.00 per direct labor-hour. 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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