Morganten Company makes one product and in provided the following information to help prepare the master budget

a$.$ The budgeted selling price per uns is $$70.$ Budgeted uni sales for June. My$.$ August, and September are $8\mathrm{.}400,$

$10,000,12\mathrm{.}000,$ and $13,000$ unts, respectively. All sales are on credil.

b$.$ Forty percent of credit sales are collected in the month of the sale and $60s$ in the following moner

c$.$ The ending finished goods inventery equals $205$ of the following month's unit sales.

finished goods requires $5$ poinds of raw materials. The raw myterigis cost $$200$ per posuld

it The divect labor wage rate is $$15$ per hour. Cach unt of finished goods reguires two direct labor$-$hours.

month is $$60,000.$

Mequired:

Mequired: $1.$ What are the budgeted sales for haly?

Buspod anet

What are the expected cash collections for day?

Whan is the accounts recelvable baimen at the end of My$?$

If $65000$ pounds of raw materials are needed io meet prosuction in August. now many pounds of row materials should be puychased in Aub?

punchased in July?

lo sher

Jure is $$13\mathrm{.}1800$; and $61000$ pounds of rew meteriels ere needed to meet production in August.

If $61,000$ pounds of raw materials are netded to meet probuction in August, what is the esimatied accouns paryable balance ar the end of full?

end of July?

If $6\mathrm{.}000$ pound at the end of Jhy$?$

What is the total estimated direct labor cost for July?

Total drect ase coes

I. If ae assume thes there is no fised manufacturing overhead and the variable manufacturing overhead is $$10$ per direct iabor$-$hout.

what is the estimated unit prosuct cost?

what is the estimebed finished goods imventory balance at the end of Aly?

Ending thithed poods inertion.

If we assume that there is no foed manufacturing overhead and the variable mandacturing overhead is $$10$ per direct labor$-$hour,

what is the essimated cost of goods sold and gross margin for July?

Evimated ciat of goodi acid

Evimated grom nargin

What is the estimated total selling and administrative expense for July?

Total seling and administrative expenses

If we assume that there is no fixed manufacturing cverhead and the variable manufacturing overhead is $$10$ per direct iabor$-$hous:

what is the estimated net operating income for July?The budgeted selling price per unit is $$70.$ Budgeted unit sales for June, July, August, and September are $8,400,10,000,12,000,$ and $13,000$ 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 unit sales.

The ending raw materials inventory equals $10\%$ of the following month$$s raw materials production needs. Each unit of finished goods requires $5$ pounds of raw materials. The raw materials cost $$2\mathrm{.}00$ per pound.

Thirty percent of raw materials purchases are paid for in the month of purchase and $70\%$ in the following month.

The direct labor wage rate is $$15$ per hour. Each unit of finished goods requires two direct labor$-$hours.

The variable selling and administrative expense per unit sold is $$1\mathrm{.}80.$ The fixed selling and administrative expense per month is $$60,000.$