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correct awnser is 1948121.35 can someone show me how to get there. 13. Jewell Company has prepared the following budget for January: Sales revenue (for
correct awnser is 1948121.35 can someone show me how to get there.
13. Jewell Company has prepared the following budget for January: Sales revenue (for 106,000 units) $6,042,000 Cost of goods sold Direct materials used $ 742,000 Direct labor 1,060,000 Variable factory overhead 848,000 Fixed factory overhead 915,000 3,565,000 Gross margin $2,477,000 Operating expenses Variable $ 742,000 Fixed 346,000 1,088,000 Operating income $1.389.000 eborg boria Salticion sinu tog el dana soinq grillowani) tinurinom dass instanus, glass of bedst vni Selling price per unit, variable cost per unit, total fixed costs, work-in-process inventory, and finished goods inventory are anticipated to remain constant each month. Raw mate- rials inventory is always 10% of the following month's production needs. Unit sales have increased 5% each month for the last 6 months, and that trend is expected to continue through the first half of next year.wallol sdi at POS bae sine to rismoms ont i m Looni es vol big bis alaos torso la bas, sendog gulrollot dinom adi The Cash account balance at the beginning of January is $1,000,000. Jewell collects 50% of revenues in the month of sale, 30% in the following month, 15% in the second month following sale, and 5% are uncollectible. Materials costs are paid in the month following purchase, and all other costs are paid for as incurred. Prepare a cash budget for January Step by Step Solution
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