Help on requirements 5 8 pls More Info Previous Question a Actual sales in December were $70,000 Selling price per unit is projected to remain stable at $10 per unit throughout the budget period Sales for the first five months of the upcoming year are budgeted to be as follows January $ 80,000 February $ 92,000 March $ 99,000 April $ 97,000 May $ 85,000 b Sales are 30 cash and 70 credit All credit sales are collected in the month following the sale c Devon Manufacturing has a policy that states that each month's ending inventory of finished goods should be 25 of the following month's sales (in units) d Of each month's direct material purchases, 20 are paid for in the month of purchase, while the remainder is paid for in the month following purchase Two pounds of direct material is needed per unit at $2 00 per pound Ending inventory of direct materials should be 10 of next month's production needs e Most of the labor at the manufacturing facility is indirect, but there is some direct labor incurred The direct labor hours per unit is 0 01 The direct labor rate per hour is $12 per hour All direct labor is paid for in the month in which the work is performed The direct labor total cost for each of the upcoming three months is as follows January $ February $ 1,125 March $ 1,182 f Monthly manufacturing overhead costs are $5,000 for factory rent, $3,000 for other fixed manufacturing expenses, and $1 20 per unit for variable manufacturing overhead No depreciation is included in these figures All expenses are paid in the month in which they are incurred g Computer equipment for the administrative offices will be purchased in the upcoming quarter In January, Devon Manufacturing will purchase equipment for $5,000 (cash), while February's cash expenditure will be $12,000 and March's cash expenditure will be $16,000 h Operating expenses are budgeted to be $1 00 per unit sold plus fixed operating expenses of $1,000 per month All operating expenses are paid in the month in which they are incurred No depreciation is included in these figures 1 Depreciation on the building and equipment for the general and administrative offices is budgeted to be 54,900 for the entire 996 Print Done More Info Previous Question April $ 97,000 May $ 85,000 b Sales are 30 cash and 70 credit All credit sales are collected in the month following the sale c Devon Manufacturing has a policy that states that each month's ending inventory of finished goods should be 25 of the following month's sales (in units) d of each month's direct material purchases, 20 are paid for in the month of purchase, while the remainder is paid for in the month following purchase Two pounds of direct material is needed per unit at $2 00 per pound Ending inventory of direct materials should be 10 of next month's production needs, e Most of the labor at the manufacturing facility is indirect, but there is some direct labor incurred The direct labor hours per unit is 0 01 The direct labor rate per hour is $12 per hour All direct labr is paid for in the month in which the work is performed The direct labor total cost for each of the upcoming three months is as follows January $ 996 February $ 1,125 March $ 1,182 f Monthly manufacturing overhead costs are $5,000 for factory rent, $3,000 for other fixed manufacturing expenses, and $1 20 pem unit for variable manufacturing overhead No depreciation is included in these figures All expenses are paid in the month in which they are incurred g Computer equipment for the administrative offices will be purchased in the upcoming quarter In January, Devon Manufacturing will purchase equipment for $5,000 (cash), while February's cash expenditure will be $12,000 and March's cash expenditure will be $16,000 h Operating expenses are budgeted to be $1 00 per unit sold plus fixed operating expenses of $1,000 per month All operating expenses are paid in the month in which they are incurred No depreciation is included in these figures I Depreciation on the building and equipment for the general and administrative offices is budgeted to be $4 900 for the entire quarter, which includes depreciation on new acquisitions J Devon Manufacturing has a policy that the ending cash balance in each month must be at least $4,000 It has a line of credit with a local bank The company can borrow in increments of $1,000 at the beginning of each month, up to a total outstanding loan balance of $160,000 The interest rate on these loans is 1 per month simple interest (not compounded) The company would pay down on the line of credit balance in increments of $1,000 if it has excess funds at the end of the quarter The company would also pay the accumulated interest at the end of the quarter on the funds borrowed during the quarter k The company's income tax rate is projected to be 30 of operating income less interest expense The company pays $10,000 cash at the end of February in estimated taxes Data Table Current Assets as of December 31 (prior year) Cash $ Accounts receivable, net $ 4,500 50,000 15,200 $ $ 121,000 Inventory Property, plant, and equipment, net Accounts payable Capital stock Retained earnings $ 42,400 124,500 $ $ 22,600 Print Done Devon Manufacturing is preparing its master budget for the first quarter of the upcoming year The following data pertain to Devon Manufac operations (Click the icon to view the data ) (Click the icon to view additional data ) Read the requirements January February March Quarter Total cost of direct labor Requirement 6 Prepare a cash payments budget for manufacturing overhead costs (Round your answers to the nearest whole dollar) Devon Manufacturing Cash Payments for Manufacturing Overhead Budget For the Quarter Ended March 31 Month January February March Quarter Variable manufacturing overhead costs Rent (fixed) Other fixed MOH Cash payments for manufacturing overhead Requirement 7 Prepare a cash payments budget for operating expenses (Round your answers to the nearest whole dollar) Devon Manufacturing is preparing its master budget for the first quarter of the upcoming year The following data pertain to Devon Manufactu operations (Click the icon to view the data ) (Click the icon to view additional data ) Read the requirements Requirement 5 Prepare a cash payments budget for direct labor Devon Manufacturing Cash Payments for Direct Labor Budget For the Quarter Ended March 31 Month January February March Quarter Total cost of direct labor Requirement 6 Prepare a cash payments budget for manufacturing overhead costs (Round your answers to the nearest whole dollar) Devon Manufacturing Cash Payments for Manufacturing Overhead Budget For the Quarter Ended March 31 Month January February March Quarter Devon Manufacturing is preparing its master budget for the first quarter of the upcoming year The following data pertain to Devon Manufa operations (Click the icon to view the data ) (Click the icon to view additional data ) Read the requirements I AM Cash payments for manufacturing overhead Requirement 7 Prepare a cash payments budget for operating expenses (Round your answers to the nearest whole dollar ) Devon Manufacturing Cash Payments for Operating Expenses Budget For the Quarter Ended March 31 Month January February March Quarter Variable operating expenses Fixed operating expenses Cash payments for operating expenses Requirement 8 Prepare a combined cash budget (If an input field is not used in the table leave the input field empty, do not enter a zero parentheses or a minus sign for negative cash balances and financing payments ) Devon Manufacturing Nedum Requirement 8 Prepare a combined cash budget (If an input field is not used in the table leave the input field empty, do not enter a zero Use parentheses or a Devon Manufacturing Combined Cash Budget For the Quarter Ended March 31 January February March Quarter Beginning cash balance Plus Cash collections Total cash available Less cash payments Direct material purchases Direct labor Manufacturing overhead costs Operating expenses Tax payment Equipment purchases Total cash payments Ending cash balance before financing Financing Plus New borrowings Less Debt repayments Less Interest payments Combined Cash Budget For the Quarter Ended March 31 January February March Quarter Beginning cash balance Plus Cash collections Total cash available Less cash payments Direct material purchases Direct labor Manufacturing overhead costs Operating expenses Tax payment Equipment purchases Total cash payments Ending cash balance before financing Financing Plus New borrowings Loss Debt repayments Loss Interest payments Total financing Ending cash balance Enter any number in the edit fields and then continue to the next

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Help on requirements 5 8 pls More Info Previous Question a  Actual sales in December were $70,000  Selling price per unit is projected to remain stable at $10 per unit throughout the budget period  Sales for the first five months of the upcoming year are budgeted to be as follows  January $ 80,000 February $ 92,000 March $ 99,000 April $ 97,000 May $ 85,000 b Sales are 30  cash and 70  credit  All credit sales are collected in the month following the sale  c  Devon Manufacturing has a policy that states that each month's ending inventory of finished goods should be 25  of the following month's sales (in units)  d  Of each month's direct material purchases, 20  are paid for in the month of purchase, while the remainder is paid for in the month following purchase  Two pounds of direct material is needed per unit at $2 00 per pound  Ending inventory of direct materials should be 10  of next month's production needs  e  Most of the labor at the manufacturing facility is indirect, but there is some direct labor incurred  The direct labor hours per unit is 0 01  The direct labor rate per hour is $12 per hour  All direct labor is paid for in the month in which the work is performed  The direct labor total cost for each of the upcoming three months is as follows  January       $ February $ 1,125 March $ 1,182 f  Monthly manufacturing overhead costs are $5,000 for factory rent, $3,000 for other fixed manufacturing expenses, and $1 20 per unit for variable manufacturing overhead  No depreciation is included in these figures  All expenses are paid in the month in which they are incurred  g Computer equipment for the administrative offices will be purchased in the upcoming quarter  In January, Devon Manufacturing will purchase equipment for $5,000 (cash), while February's cash expenditure will be $12,000 and March's cash expenditure will be $16,000 h  Operating expenses are budgeted to be $1 00 per unit sold plus fixed operating expenses of $1,000 per month  All operating expenses are paid in the month in which they are incurred  No depreciation is included in these figures  1  Depreciation on the building and equipment for the general and administrative offices is budgeted to be 54,900 for the entire 996 Print Done More Info Previous Question April $ 97,000 May $ 85,000 b Sales are 30  cash and 70  credit  All credit sales are collected in the month following the sale  c Devon Manufacturing has a policy that states that each month's ending inventory of finished goods should be 25  of the following month's sales (in units) d of each month's direct material purchases, 20  are paid for in the month of purchase, while the remainder is paid for in the month following purchase  Two pounds of direct material is needed per unit at $2 00 per pound  Ending inventory of direct materials should be 10  of next month's production needs, e  Most of the labor at the manufacturing facility is indirect, but there is some direct labor incurred  The direct labor hours per unit is 0 01  The direct labor rate per hour is $12 per hour  All direct labr is paid for in the month in which the work is performed  The direct labor total cost for each of the upcoming three months is as follows  January $ 996 February $ 1,125 March $ 1,182 f  Monthly manufacturing overhead costs are $5,000 for factory rent, $3,000 for other fixed manufacturing expenses, and $1 20 pem unit for variable manufacturing overhead  No depreciation is included in these figures  All expenses are paid in the month in which they are incurred  g Computer equipment for the administrative offices will be purchased in the upcoming quarter  In January, Devon Manufacturing will purchase equipment for $5,000 (cash), while February's cash expenditure will be $12,000 and March's cash expenditure will be $16,000 h  Operating expenses are budgeted to be $1 00 per unit sold plus fixed operating expenses of $1,000 per month  All operating expenses are paid in the month in which they are incurred  No depreciation is included in these figures  I  Depreciation on the building and equipment for the general and administrative offices is budgeted to be $4 900 for the entire quarter, which includes depreciation on new acquisitions  J  Devon Manufacturing has a policy that the ending cash balance in each month must be at least $4,000  It has a line of credit with a local bank  The company can borrow in increments of $1,000 at the beginning of each month, up to a total outstanding loan balance of $160,000  The interest rate on these loans is 1  per month simple interest (not compounded)  The company would pay down on the line of credit balance in increments of $1,000 if it has excess funds at the end of the quarter  The company would also pay the accumulated interest at the end of the quarter on the funds borrowed during the quarter  k  The company's income tax rate is projected to be 30  of operating income less interest expense  The company pays $10,000 cash at the end of February in estimated taxes  Data Table Current Assets as of December 31 (prior year)  Cash $    Accounts receivable, net $ 4,500 50,000 15,200 $ $ 121,000 Inventory Property, plant, and equipment, net Accounts payable Capital stock Retained earnings $ 42,400 124,500 $ $ 22,600 Print Done Devon Manufacturing is preparing its master budget for the first quarter of the upcoming year  The following data pertain to Devon Manufac operations  (Click the icon to view the data ) (Click the icon to view additional data ) Read the requirements  January February March Quarter Total cost of direct labor Requirement 6  Prepare a cash payments budget for manufacturing overhead costs  (Round your answers to the nearest whole dollar) Devon Manufacturing Cash Payments for Manufacturing Overhead Budget For the Quarter Ended March 31 Month January February March Quarter Variable manufacturing overhead costs Rent (fixed) Other fixed MOH Cash payments for manufacturing overhead Requirement 7  Prepare a cash payments budget for operating expenses  (Round your answers to the nearest whole dollar) Devon Manufacturing is preparing its master budget for the first quarter of the upcoming year  The following data pertain to Devon Manufactu operations  (Click the icon to view the data ) (Click the icon to view additional data ) Read the requirements  Requirement 5  Prepare a cash payments budget for direct labor  Devon Manufacturing Cash Payments for Direct Labor Budget For the Quarter Ended March 31 Month January February March Quarter Total cost of direct labor Requirement 6  Prepare a cash payments budget for manufacturing overhead costs  (Round your answers to the nearest whole dollar) Devon Manufacturing Cash Payments for Manufacturing Overhead Budget For the Quarter Ended March 31 Month January February March Quarter Devon Manufacturing is preparing its master budget for the first quarter of the upcoming year  The following data pertain to Devon Manufa operations  (Click the icon to view the data ) (Click the icon to view additional data ) Read the requirements I AM Cash payments for manufacturing overhead Requirement 7  Prepare a cash payments budget for operating expenses  (Round your answers to the nearest whole dollar ) Devon Manufacturing Cash Payments for Operating Expenses Budget For the Quarter Ended March 31 Month January February March Quarter Variable operating expenses Fixed operating expenses Cash payments for operating expenses Requirement 8  Prepare a combined cash budget  (If an input field is not used in the table leave the input field empty, do not enter a zero parentheses or a minus sign for negative cash balances and financing payments ) Devon Manufacturing Nedum Requirement 8  Prepare a combined cash budget  (If an input field is not used in the table leave the input field empty, do not enter a zero  Use parentheses or a Devon Manufacturing Combined Cash Budget For the Quarter Ended March 31 January February March Quarter Beginning cash balance Plus Cash collections Total cash available Less  cash payments  Direct material purchases Direct labor Manufacturing overhead costs Operating expenses Tax payment Equipment purchases Total cash payments Ending cash balance before financing Financing Plus  New borrowings Less  Debt repayments Less Interest payments Combined Cash Budget For the Quarter Ended March 31 January February March Quarter Beginning cash balance Plus  Cash collections Total cash available Less  cash payments  Direct material purchases Direct labor Manufacturing overhead costs Operating expenses Tax payment Equipment purchases Total cash payments Ending cash balance before financing Financing Plus  New borrowings Loss Debt repayments Loss  Interest payments Total financing Ending cash balance Enter any number in the edit fields and then continue to the next

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Help on requirements 5-8 pls More Info Previous Question a. Actual sales in December were $70,000. Selling price per unit is projected to remain stable

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