iPad 10:56 moodle.utcc.ac.th DO IT! You are presented with the following list of accounts from the adjusted trial balance for merchandiser Gorman Company. Indicate in which financial statement and under what classification each of the following would be reported. Financial Statement Classification Account Property Taxes Payable Salaries and Wages Expense Salaries and Wages Payable Sales Returns and Allowances Sales Revenue Share Capital-Ordinary Utilities Expense Willison Compan yards of fabric and ss oundes of polyfiberfill, Fabric costs 53.50 per yard, and polyfibertil is 50.05 per ounce Willison hiss budgeted production of stuffed rabbits for the next four months as follows stues toy anlimals one of these is Theity Rablbit. Each rablit takes 0.3 Unlis October Novembe December January 20,000 40,000 23,000 30,000 Inventory policy requires that suicient fabric be in ending monthly inventory to sat the following mouth's production nceds and sufficient polylberfill be in inventory to sa of the following month's production needs Inventory of fabric and rolyiberfill st the bssinnins isfy 15% of of October equals exactly the amount nesled to satis to satnly the Ea ch rabbit produced requires (ou average) 0.10 direct labor per hour. The average cost of direct labor is $15.50 per hour Required: I. Prepare a direct materials purchases budget of fabrie for the last quarter of the year, show 2. 3. ing purchases in units and in dollars for each month and for the quarter in total. Prepare a direct materials purchases budget of polyfiberfill for the last quarter of the year, showing purchases in units and in dollars for cach month and for the quarter in total, Prepare a direct labor budget for the last quarter of the year, showing the hours needed and the direct labor cost for each month and for the quarter in total. Cash Budgeting ns The Eatery in Miami, Florida. The Ealery is an affordable restaurant Jordana accepts cash and checks. Checks are deposited immedl r check; the amount per check averages 565. Bad checks that of check revenue has sales or$75,000. About 75% follows re cash sal 75,000