Jeremy Inc. produces leather handbags. The production budget for the next four months is: July 5,900 units, August 7,700, September 7,700, October 8,800. Each handbag requires 0.4 square meters of leather. Jeremy Inc.s leather inventory policy is 25% of next months production needs. If the leather policy is met, what will the July 1 inventory be?

Johnson Inc. produces leather handbags. Johnson Inc. estimates it will use 4,100 square meters of leather in production in August, and 4,500 square meters of leather in production in September. Johnson Inc.'s leather inventory policy is 40% of next months production needs. What will leather purchases be in August?

Walnut has forecast sales for the next three months as follows: July 4,800 units, August 6,600 units, September 8,300 units. Walnut's policy is to have an ending inventory of 40% of the next month's sales needs on hand. July 1 inventory is projected to be 2,000 units. Selling and administrative costs are budgeted to be $23,000 per month plus $6 per unit sold. What are budgeted selling and administrative expenses for July? Skylark has forecast production for the next three months as follows: July 4,900 units, August 6,600 units, September 7,500 units. Monthly manufacturing overhead is budgeted to be $17,000 plus $5 per unit produced. What is budgeted manufacturing overhead for July?

Delaware Corp. prepared a master budget that included $22,385 for direct materials, $28,600 for direct labor, $22,385 for variable overhead, and $39,200 for fixed overhead. Delaware Corp. planned to sell 4,070 units during the period, but actually sold 4,310 units. What would Delawares fixed overhead cost be if it used a flexible budget for the period based on actual sales?