Cash Budget

Capstone Inc. collects 25% of its sales on account in the month of the sale and 75% in the month following the sale. If sales on account are budgeted to be $494,000 for September and $583,000 for October, what are the budgeted cash receipts from sales on account for October? $fill in the blank 1

Direct Labor Cost Budget

Stevenson Inc. budgeted production of 48,000 personal journals in 20Y6. Each journal requires assembly. Assume that four minutes are required to assemble each journal.

If assembly labor costs $13 per hour, determine the direct labor cost budget for 20Y6. Do not round your intermediate calculations but, if required, round your final answer to the nearest dollar.

Production Budget

Landon Inc. projected sales of 63,000 personal journals for 20Y6. The estimated January 1, 20Y6, inventory is 3,200 units, and the desired December 31, 20Y6, inventory is 7,000 units.

What is the budgeted production (in units) for 20Y6? fill in the blank 1 units

Flexible Budgeting

At the beginning of the period, the Assembly Department budgeted direct labor of $159,600 and property tax of $30,000 for 7,600 hours of production. The department actually completed 9,600 hours of production.

Determine the budget for the department, assuming that it uses flexible budgeting. $fill in the blank 1

Direct Materials Purchases Budget

Marshall Inc. budgeted production of 54,000 personal journals in 20Y6. Paper is required to produce a journal. Assume 118 square yards of paper are required for each journal. The estimated January 1, 20Y6, paper inventory is 319,000 square yards. The desired December 31, 20Y6, paper inventory is 287,000 square yards.

If paper costs $0.13 per square yard, determine the direct materials purchases budget for 20Y6. If required, round your final answer to the nearest dollar. $fill in the blank 1