Morganton Company makes one product and it provided the following information to help prepare the master budget for its four months of operations:

(a)	The budgeted selling price per unit is $70. Budgeted unit sales for June, July, August, and September are 8,200, 13,000, 15,000, and 16,000 units, respectively. All sales are on credit.
(b)	Thirty-percent of credit sales are collected in the month of the sale and 70% in the following month.
(c)	The ending finished goods inventory equals 20% of the following months unit sales.
(d)	The ending raw materials inventory equals 10% of the following months raw materials production needs. Each unit of finished goods requires 5 pounds of raw materials. The raw materials cost $2.50 per pound.
(e)	Thirty-percent of raw materials purchases are paid for in the month of purchase and 70% in the following month.
(f)	The direct labor wage rate is $14 per hour. Each unit of finished goods requires two direct labor-hours.
(g)	The variable selling and administrative expense per unit sold is $1.40. The fixed selling and administrative expense per month is $63,000.

According to the production budget, how many units should be produced in July?

Morganton Company makes one product and it provided the following information to help prepare the master budget for its four months of operations:

(a)	The budgeted selling price per unit is $60. Budgeted unit sales for June, July, August, and September are 8,000, 11,000, 13,000, and 14,000 units, respectively. All sales are on credit.
(b)	Thirty-percent of credit sales are collected in the month of the sale and 70% in the following month.
(c)	The ending finished goods inventory equals 25% of the following months unit sales.
(d)	The ending raw materials inventory equals 10% of the following months raw materials production needs. Each unit of finished goods requires 5 pounds of raw materials. The raw materials cost $2.20 per pound.
(e)	Twenty-percent of raw materials purchases are paid for in the month of purchase and 80% in the following month.
(f)	The direct labor wage rate is $12 per hour. Each unit of finished goods requires two direct labor-hours.
(g)	The variable selling and administrative expense per unit sold is $1.20. The fixed selling and administrative expense per month is $61,000.

If 66,250 pounds of raw materials are needed to meet production in August, how many pounds of raw materials should be purchased in July?

Morganton Company makes one product and it provided the following information to help prepare the master budget for its four months of operations:

(a)	The budgeted selling price per unit is $60. Budgeted unit sales for June, July, August, and September are 8,600, 17,000, 19,000, and 20,000 units, respectively. All sales are on credit.
(b)	Thirty-percent of credit sales are collected in the month of the sale and 70% in the following month.
(c)	The ending finished goods inventory equals 25% of the following months unit sales.
(d)	The ending raw materials inventory equals 10% of the following months raw materials production needs. Each unit of finished goods requires 5 pounds of raw materials. The raw materials cost $2.40 per pound.
(e)	Thirty five-percent of raw materials purchases are paid for in the month of purchase and 65% in the following month.
(f)	The direct labor wage rate is $14 per hour. Each unit of finished goods requires two direct labor-hours.
(g)	The variable selling and administrative expense per unit sold is $1.80. The fixed selling and administrative expense per month is $67,000.

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

Morganton Company makes one product and it provided the following information to help prepare the master budget for its four months of operations:

(a)	The budgeted selling price per unit is $60. Budgeted unit sales for June, July, August, and September are 9,500, 26,000, 28,000, and 29,000 units, respectively. All sales are on credit.
(b)	Forty-percent of credit sales are collected in the month of the sale and 60% in the following month.
(c)	The ending finished goods inventory equals 25% of the following months unit sales.
(d)	The ending raw materials inventory equals 15% of the following months raw materials production needs. Each unit of finished goods requires 4 pounds of raw materials. The raw materials cost $2.40 per pound.
(e)	Forty-percent of raw materials purchases are paid for in the month of purchase and 60% in the following month.
(f)	The direct labor wage rate is $12 per hour. Each unit of finished goods requires two direct labor-hours.
(g)	The variable selling and administrative expense per unit sold is $1.50. The fixed selling and administrative expense per month is $65,000.

If the cost of raw materials purchases in June is $149,340, what are the estimated cash disbursements for raw materials purchases in July?

Morganton Company makes one product and it provided the following information to help prepare the master budget for its four months of operations:

(a)	The budgeted selling price per unit is $65. Budgeted unit sales for June, July, August, and September are 9,600, 27,000, 29,000, and 30,000 units, respectively. All sales are on credit.
(b)	Thirty-percent of credit sales are collected in the month of the sale and 70% in the following month.
(c)	The ending finished goods inventory equals 30% of the following months unit sales.
(d)	The ending raw materials inventory equals 20% of the following months raw materials production needs. Each unit of finished goods requires 4 pounds of raw materials. The raw materials cost $2.50 per pound.
(e)	Twenty five-percent of raw materials purchases are paid for in the month of purchase and 75% in the following month.
(f)	The direct labor wage rate is $13 per hour. Each unit of finished goods requires two direct labor-hours.
(g)	The variable selling and administrative expense per unit sold is $1.60. The fixed selling and administrative expense per month is $66,000.

What is the estimated accounts payable balance at the end of July?