Answered step by step
Verified Expert Solution
Question
1 Approved Answer
ACO 203 CHAPTER 8 HOMEWORK SE Compatibility Mode Two-Factor Au Finish setting up Draw Design Layout References Mailings Review View Tell me what you want
ACO 203 CHAPTER 8 HOMEWORK SE Compatibility Mode Two-Factor Au Finish setting up Draw Design Layout References Mailings Review View Tell me what you want to do Vinall Corporation makes one product and has provided the following information to help $85 9,400 prepare the master budget for the next four months of operations: Budgeted selling price per unit Budgeted unit sales (all on credit): July August September 11,200 Raw materials requirement per unit of output Raw materials cost Direct labor requirement per unit of output Direct labor wage rate $2.00 2. per pound direct labor-hours $25.00 per direct labor-bour Credit sales are collected: 30% in the month of the sale 70% in the following month Raw materials purchases are paid: 20% in the month of purchase 80% in the following month The ending finished goods inventory should equal 20% of the following month's sales. The ending raw materials inventory should equal 20% of the following month's raw materials production needs. Required: a. What are the budgeted sales dollars for August? b. What are the expected cash collections for August? e. According to the production budget, how many units should be produced in August? d Ir 20,960 pounds of mw materialaeeed for production in September, how many of raw materials should be parchased in August? e. What is the estimatod cost of raw materials purchases for August? t If the cost of raw material purchases in July is $40,688, then in August what are the total estimated cash disbursements for raw materials purchases? g. What is the sotal estimated direct labor cost for August assuming the direct labor workforce is adjusted to match the hours required to produce the forecasted number of units produced? 20 3
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started