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MCO Leather markufactures leather purses. Each purse requires 2 pounds of direct materials at a cost of 54 per pound and 0.7 direct labor hour at a rate of $17 per hour. Variable overhead is budgeted at a rate of $2 per direct labor hour, Budgeted foxed overhead is $14.000 per month. The company's policy is to end each morith with direct materials inventory equal to 40% of the next month's direct materials tequirement. At the end of August the company had 3760 pounds of direct materials in inventory. The company's production budget reports the following. (1) Prepare direct materials budgets for September and Octobet. (2) Prepare direct labor budgets for September and October. (3) Prepare factory cvertiead budgets for September and Octobet. Complete this question by entering your answers in the tabs below. Prepare direct matercais budgets for soptember and october. MCO Leather manufactures leather purses. Each purse requires 2 pounds of direct materials at a cost of $4 per pound and 0.7 direct labor hour at a rate of $17 per hour. Vartabie overhead is budgeted at a rate of $2 per direct labor hour. Budgeted floed overhead is $14,000 per month. The company's policy is to end cach 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 teports 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 factory overnead budgets for September and Octobes. MCO Leather manufactures leather purses. Each purse requires 2 pounds of direct materlals 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 imventory 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 Octobet. (3) Prepare factory overhead budgets for September and October. Complete this question by entering your answers in the tabs below. Prepare direct labor budgets for September and October. (Round "DL. hours required per unit" answers to one decimal place.) MCO Leather manufactures leather purses. Each purse requires 2 pounds of direct materlals 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 imventory 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 Octobet. (3) Prepare factory overhead budgets for September and October. Complete this question by entering your answers in the tabs below. Prepare direct labor budgets for September and October. (Round "DL. hours required per unit" answers to one decimal place.) MCO Leather manufactures leather purses. Each purse requires 2 pounds of direct materials at a cost of $4 per pound and 0.7 direct labor hour at a rate of $17 per hour. Vartabie overhead is budgeted at a rate of $2 per direct labor hour. Budgeted floed overhead is $14,000 per month. The company's policy is to end cach 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 teports 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 factory overnead budgets for September and Octobes. Jasper Company has 58% of its sales on credit and 42% for cash. All credit sales are collected in full in the first month following 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. MCO Leather markufactures leather purses. Each purse requires 2 pounds of direct materials at a cost of 54 per pound and 0.7 direct labor hour at a rate of $17 per hour. Variable overhead is budgeted at a rate of $2 per direct labor hour, Budgeted foxed overhead is $14.000 per month. The company's policy is to end each morith with direct materials inventory equal to 40% of the next month's direct materials tequirement. At the end of August the company had 3760 pounds of direct materials in inventory. The company's production budget reports the following. (1) Prepare direct materials budgets for September and Octobet. (2) Prepare direct labor budgets for September and October. (3) Prepare factory cvertiead budgets for September and Octobet. Complete this question by entering your answers in the tabs below. Prepare direct matercais budgets for soptember and october. Zisk Compary purchoses direct materials on credit, Budgeted purchases ate 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 April, May, and June Kayak Company budgeted the following cash receipts (excluding cash receipts from loans received) and cash payments (oxcluding 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 monthend 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. Fobruary, and March. (Negative balances and Loan repayment amounts (if any) should be indicated with minus sign.)
