Exercise 20-3 (Algo) Manufacturing: Production budget LO P1 Ruiz Company provides the following budgeted sales for the next four months. The company wants to end each month with ending finished goods inventory equal to 30% of next month's budgeted unit sales. Finished goods inventory on April 1 is 192 units. Prepare a production budget for the months of April, May, and June. Exercise 20-8 (Algo) Manufacturing: Direct materials budget LO P1 Zira Company reports the following production budget for the next four months. Each finished unit requires six pounds of direct materials, and the company wants to end each month with direct materials inventory equal to 40% of next month's production needs. Beginning direct materials inventory for April was 1,358 pounds. Direct materials cost $4 per pound. Prepare a direct materials budget for Apri, May, and June. (Round your onswers to the nearest whole number.) Exercise 20-11 (Algo) Manufacturing: Direct labor budget LO P1 The production budget for Manner Company shows units to produce as follows July. 580; August, 640; and Septernber, 500. Each unit produced requires two hours of direct labor. The direct labor rate is budgeted at $16 per hour in July and August, but is budgeted to be $1675 per hour in September Prepare a direct labor budget for the months July. August, and September. Exercise 20-22 (Algo) Manufacturing: Cash budget LO P2 Use the following information to prepare the September cash budget for PTO Company. Ignore the "Loan activity" section of the budget. a. Beginning cash balance, September 1, $43,000 b. Budgeted cash receipts from September sales, $259,000 c. Direct materlals are purchased on credit. Purchase amounts are August (actual), $73,000; and September (budgeted), $108,000 Payments for direct materials follow 70% in the month of purchase and 30% in the first month after purchase d. Budgeted cash payments for direct labor in September, $34,000. e. Budgeted depreciation expense for September, $3,300. f. Budgeted cash payment for dividends in September, $50,000 9. Budgeted cash payment for income taxes in September, $10,900 h. Budgeted cash payment for loan interest in September, \$1:100