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Help Please Teste makes one proctuct and has provided the following information to helo grepare the master budent tor the nent toma months of operatsons:
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Teste makes one proctuct and has provided the following information to helo grepare the master budent tor the nent toma months of operatsons: Raw materials cost $2.00 per pound Direct labor requirement per unit of output 2,1 direct labor-hours Direct labor wage rate 325.00 per direct labor-hour Credit sales are collocted 30% in the month of the sale, and 70% in the following month. The ending finished goods imventory should equal 200 of the following month's sales. The ending raw materials inventory should equal 20k of the following month's raw materials production needs. Required: a. What are the budgeted sales for August? b. What are the expected cash collections for August? C. According to the production budget, how many units should be produced in August? If 20,960 pounds of raw materials are needed for production in September, how many pounds of raw materials should be urchased in August? What is the total estimated direct labor cost for August assuming the direct labor workforce is adjusted to match the hour uired to produce the forecasted number of units produced Step by Step Solution
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