Document2 - Microsoft Word Cla Home Insert Page Layout References Mailings Review View Find - AB * Cut Era Copy | A A 21 T . l AaBbccD A wac Replace Paste BI U abe x x Aa ab. A IE 1 Normal 1 No Spaci... Heading 1 Heading 2 Title Subtitle Subtle Em... Emphasis Format Painter Change Styles hs Select Clipboard Font Paragraph Styles Editing SouthWonder company produce and sell bamboo frame for $25 each. Requirements of direct materials and direct labour to produce each bamboo frame are as follows: Direct material 4 linear feet of bamboo at $2 per foot Direct labour 0.5 hours at $12 per hour The following table shows the planned inventory levels of the company: Raw material Beginning balance Ending balance 288 324 Finished goods Beginning balance Ending balance 80 100 March 324 408 100 120 April May 408 468 120 160 June 468 474 160 150 474 484 150 170 July August 484 502 170 150 Expected unit sales (number of frames) for the following months: March 275 250 April May June 300 400 July 375 August 425 The company usually use a single application rate of $0.30 per unit produced for variable manufacturing overhead. General manager predicts that the annual fixed manufacturing arusband will be an animatai: 7200 for the cominc risor Custod sont 1. onces of POM Page: 7 of 8 Words: 7/1,678 English (Australia) 90% 1:32 PM Type here to search O AL || EN ? 22/06/2021 Document2 - Microsoft Word Cla Home Insert Page Layout References Mailings Review View * Cut Era Copy | A A . l AaBbccD Find - ac Replace Select Paste BT U abs x x ab 1 Normal IT No Spaci.. Heading 1 Heading 2 Title Subtitle Subtle Em... Emphasis Format Painter Change Styles Clipboard Font Paragraph Styles Editing The company usually use a single application rate of $0.30 per unit produced for variable manufacturing overhead. General manager predicts that the annual fixed manufacturing overhead will be approximately $7,200 for the coming year. Expected monthly expenses of selling and administrative are estimated $650 per month plus $0.60 per unit sold. Required: Part 1. Prepare the following for South Wonder for the second quarter (April, May, and June). Include each month as well as the second quarter total for each budget. a. Sales budget. (5 marks] Click or tap here to enter text. b. Production budget. (5 marks Click or here to enter text. c. Direct materials purchases budget in units and dollar amount. (5 marks] Page: 7 of 8 Words: 7/1,678 English (Australia) 90% U 1:32 PM Type here to search a 22/06/2021 Document2 - Microsoft Word Cla Home Insert Page Layout References Mailings Review View * Cut Era Copy | A A AT bccDe AaBbccDo Find - ac Replace Select Paste BT U abe x x ab - A 1 Normal I No Spaci.. Heading 1 Heading 2 Title Subtitle Subtle Em... Emphasis Format Painter Change Styles Clipboard Font Paragraph Styles Editing Click or tap here to enter text. c. Direct materials purchases budget in units and dollar amount. (5 marks] Click or tap here to enter text. d. Direct labor budget in hours and dollar amount. (5 marks] Click or tap here to enter text. e. Manufacturing overhead budget. (5 marks] Click or tap here to enter text. Part 2. Suppose that the company had $10,800 cash at bank at the beginning of the second quarter. Cash sales average 80 per cent of total sales (refer to your answer to part a). Credit sales are collected 50 per cent in the month of sale and 50 per cent in the month following sale. Prepare budgeted cash receipts. Include each month (April to June) as well as quarter 2 totals. (5 marks] Click or tap here to enter text. Page: 7 of 8 Words: 7/1,678 English (Australia) 90% U 1:32 PM Type here to search IL .. 22/06/2021