If 96800 pounds of raw materials are needed to meet production in August, how many pounds of raw materials should be purchased in July?

What is the estimated cost of raw material purchases for July?

If the cost of raw material purchases in June is $127,520 what are the estimated cash disbursements for raw materials purchases in July?

The following information applies to the questions displayed below Morganton Company makes one product and it provided the following information to help prepare the master budget for its first four months of operations o. The budgeted selling price per unit is $70. Budgeted unit sales for June, July. August, and September are b. c. d 9100, 22.000, 24,000, and 25.000 units, respectively All sales are on credit Forty percent of credit sales are collected in the month of the sale and 60% in the following month. The ending finished goods inventory equals 20% of the following month's unt sales The ending raw materials inventory equals 10% of the following month's raw materials production needs. Each unit of finished goods requires 4 pounds of raw materials. The rew materials cost $2 50 per pound Forty percent of raw materials purchases are paid for in the month of purchase and S0% in the iollowing month e. r. The direct labor wage rate is $12 per hour Each unit of finished goods requires two direct labor hours g The variable selling and administrotive expense per unit sold is $170 The fixed selling and administrative expense per month is $61,000