Croy Inc. has the following projected sales for the next five months Month April Sales in Units 3,420 3,940 4,570 May June July August 4,130 3,950 Croy's finished goods inventory policy is to have 50 percent of the next month's sales on hand at the end of each month. Direct materials costs $2.80 per pound, and each unit requires 2 pounds. Direct materials inventory policy is to have 50 percent of the next month's production needs on hand at the end of each month Direct materials on hand at March 31 totaled 3,680 pounds. Required: 1. Determine budgeted production for April, May, and June. 2. Determine budgeted cost of materials purchased for April and May Complete this question by entering your answers in the tabs below. Required 1 Required 2 Determine budgeted production for April, May, and June. (Do not round your intermediate calculations and round your final answers to the nearest whole number) Budgeted Production (Units) April May June Requin T Required 2 > Croy Inc. has the following projected sales for the next five months Month April Sales in Units 3,420 May 3,940 4,570 June July August 4,130 3,950 Croy's finished goods inventory policy is to have 50 percent of the next month's sales on hand at the end of each month. Direct materials costs $2.80 per pound, and each unit requires 2 pounds. Direct materials inventory policy is to have 50 percent of the next month's production needs on hand at the end of each month. Direct materials on hand at March 31 totaled 3,680 pounds Required: 1. Determine budgeted production for April, May, and June. 2. Determine budgeted cost of materials purchased for April and May Complete this question by entering your answers in the tabs below. Required 1 Required 2 Determine budgeted cost of materials purchased for April and May. (Use rounded Budgeted Production units in Intermediate calculations. Round your answers to 2 decimal places.) April May Budgeted Cost of Material Purchased Alleyway Corp. manufactures two styles of leather bowling bag, the Strike and Turkey. Budgeted production levels for October follow Production Strike 2,300 bags Turkey 3,300 bags Two departments, Cutting and Sewing, produce the bowling bags. Direct labor hours needed for each style are as follows: Seving Strike Turkey Cutting 0.150 hour per bag 0.200 hour per bag 0.100 hour per bag 0.400 hour per bag Hourly direct labor rates are $9 for the Cutting Department and $15 for Sewing Required: Determine Alleyway's budgeted direct labor cost for October (Round your final answers to nearest whole dollar. Do not round your intermediate calculations.) Cutting Sewing Budgeted Direct Labor Cont McFarland Company makes 70 percent of its sales in cash. Credit sales are collected as follows: 70 percent in the month of sale and 30 percent in the month following the sale. McFarland's budgeted sales for upcoming months follow June July $23,000 30,000 August 28,000 September 26,000 Required: Compute McFarland's expected cash receipts for August Budgeted Cash Receipts Wesley Power Tools manufactures a wide variety of tools and accessories. One of its more popular items is a cordless power handisaw Each handisaw sells for $60. Wesley expects the following unit sales January 5,200 February 5,400 March 5,900 5,700 5,100 April May Wesley's ending finished goods inventory policy is 20 percent of the next month's sales. Suppose each handisaw takes approximately 0.75 hours to manufacture, and Wesley pays an average labor wage of $22 per hour. Each handisaw requires a plastic housing that Wesley purchases from a supplier at a cost of $7.00 each. The company has an ending direct materials inventory policy of 20 percent of the following month's production requirements. Materials other than the housing unit total $4.50 per handisaw Manufacturing overhead for this product includes $72,000 annual fixed overhead (based on production of 27,000 units) and $1.20 per unit variable manufacturing overhead. Wesley's selling expenses are 7 percent of sales dollars, and administrative expenses are fixed at $18,000 per month Required: Compute the following for the first quarter. (Round your intermediate calculations to nearest whole dollar.) 1. Budgeted Sales Revenue 2. Budgeted Production in Units 3. Budgeted Cost of Direct Materials Purchases for the Plastic Housings 4. Budgeted Direct Labor Cost January February March 1st Quarter total