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Electro Company manufactures transmissions for electric cars. Management reports ending finished goods inventory for the first quarter at 190,000 units. The following unit sales are budgeted during the rest of the year: second quarter, 380,000 units; third quarter. 464,000 units, and fourth quarter, 293,000 units, Company policy calls for the ending finished goods inventory of a quarter to equal 50% of the next quarter's budgeted unit sales. Prepare a production budget for both the second and third quarters that shows the number of transmissions to manufacture. 1CO Leather manufactures leather purses. Each purse requires 2 pounds of direct materials at a cost of $4 per pound and 0.7 direct abor hour at a rate of $17 per hour. Variable overhead is budgeted at a rate of $2 per direct labor hour. Budgeted fixed overhead is $14,000 per month. The company's policy is to end each month with direct materials inventory equal to 40% of the next month's direct materlais requirement. At the end of August the company had 3,760 pounds of direct materials in inventory. The company's production budget reports the following. (1) Prepare direct materials budgets for September and October. (2) Prepare direct labor budgets for September and October. (3) Prepare factory overhead budgets for September and October. Complete this question by entering your answers in the tabs below. Prepare difect materials budgets for September and October. MCO Leather manufactures leather purses. Each purse requires 2 pounds of direct materials at a cost or $4 per pound and 07 directlabor hour at a tate of $17 per hour. Variable overhead is budgeted at a rate of $2 per direct labor hour. Budgeted fixed overhead is $14,000 per month. The company's policy is to end each month with direct materials inventory equal to 40% of the next month's direct. materials requirement. At the end of August the company had 3,760 pounds of direct materials in inventory. The company's production budget reports the following (1) Prepare direct materials budgets for September and October. (2) Prepare direct labor budgets for September and October. (3) Prepare factory overhead budgets for September and October Complete this question by entering your answers in the tabs below. Prepare ditect labor trudgets for September and Cctober. (Round "DL hours required per unit" answers to one decamal place,) MCO Leather manufoctures leather purses. Each purse requires 2 pounds of direct materials at a cost of $4 per pound and 07 direct labor hour at a rate of $17 per hour. Varlable overhead is budgeted at a rate of $2 per direct labor hour. Budgeted fixed overhead is $14,000 per month. The company's policy is to end each month with direct materials inventory equal to 40% of the next month's direct materials requirement. At the end of August the company had 3,760 pounds of direct materials in inventory. The company's production budget reports the following. (1) Prepare direct materiais budgets for September and October (2) Prepare direct labor budgets for September and October. (3) Prepare factory ovethead budgets for September and Octobet. Complete this question by entering your answers in the tabs below. Prepare factory overthad budgets for September and October. Kayak Company budgeted the following cash receipts (excluding cash receipts from loans received) and cash payments (excluding cash payments for loan principal and interest payments) for the first three months of next year. Kayak requires a minimum cash balance of $40,000 at each month-end. Loans taken to meet this requirement charge 1\%, interest per month, paid at each month-end. The interest is computed based on the beginning balance of the loan for the month. Any preliminary cash balance above $40,000 is used to repay loans at month-end. The company has a cash balance of $40,000 and a loan balance of $80,000 at January 1 . Prepare monthly cash budgets for January, February, and March. (Negative balances and Loan repayment amounts (if any) should be indicated with minus sign.) Jasper Company has 58% of its sales on credit and 42% for cash. All credit sales are collected in full in the first month foliowing the sale. The company budgets sales of $515,000 for April, $525,000 for May, and $550,000 for June. Total sales for March are $301,500, Prepare a schedule of cash receipts from sales for April, May, and June. Zisk Company purchases direct materials on credit. Budgeted purchases are Aprit, $86,000, May, $116,000; and June, $126,000, Cash payments for purchases are; 70% in the month of purchase and 30% in the first month after purchase. Purchases for March are $76.000. Prepare a schedule of cash payments for direct materials for Aprii, May, and June
