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Managerial Accounting I need these questions all answered (both photos) As soon as Possible! and with a step by step solutions in order for me

Managerial Accounting
I need these questions all answered (both photos) As soon as Possible! and with a step by step solutions in order for me to understand it. Thanks! image text in transcribed
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Managerial Accounting Question #1: Dorothy Industries has adopted the following production budget for the first four months of 2019: Month Units Month Units January 6,000 11,000 March 9,000 April February 5,000 Each unit requires five kilograms of raw materials costing $ 2.00 per kilogram. On December 31, 2018, the ending raw materials inventory was 10,000 kilograms. Management wants to have a raw materials inventory at the end of the month equal to 30% of the next month's production requirements Required: Prepare a direct materials purchases budget by months for the first quarter. High company prepares monthly cash budgets. Relevant data from operating budgets for 2019 follow January February Sales $350,000 $400,000 Direct materials purchases 120,000 130,000 Direct labour 80,000 100,000 Manufacturing overhead 70,000 75,000 Selling and administrative expenses 89,000 91,000 All sales are on account. Collections are expected to be 45% on the month of sale, 30% in the first month following the sales, and 25% in the second month following the sale. Sixty percent of direct materials purchases are paid in cash in the month of purchase, and the balance due is paid in the month following the purchase. All other items above are paid in the month incurred. Selling and administrative expenses include $4,000 of depreciation per month. Other data: 1. Credit sales: November 2018, $ 260,000; December 2018, $ 300,000 2. Purchase of direct materials: December 2018, $10,000. 3. Other receipts: January-collection of December 31, 2018, notes receivable, $10,000; February proceeds from sale of securities, $ 6,000 4. Other disbursements: February-withdrawal of $5,000 cash for personal use of owner The company's cash balance on January 1, 2019 is expected to be $ 60,000. The company wants to keep minimum cash balance of $ 50,000. Required: 1. Prepare schedules for collections from customers and payments for direct materials purchases. 2. Prepare a cash budget for January and February with columns for each month

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