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my humble req please sove all parts only answer Check my work Morganton Company makes one product and it provided the following information to help
my humble req please sove all parts only answer
Check my work Morganton Company makes one product and it provided the following information to help prepare the master budget for its first 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, 17000,19,000, and 20,000 units, respectively. All sales are on Credit b. 30% 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 month's unit sales. d. 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 $2.40 per pound, e 35% of raw materials purchases are paid for in the month of purchase and 65% in the following month The direct labour wage rate is $14 per hour. Each unit of finished goods requires two direct labour-hours, 9. The variable selling and administrative expense per unit sold is $180. The fixed selling and administrative expense per month is $67.000 Required: What is the total estimated direct labour cost for July assuming the direct labour workforce is adjusted to match the hours required to produce the forecasted number of units produced? Total direct labour cost Morganton Company makes one product and it provided the following information to help prepare the master budget for its first four months of operations: a The budgeted selling price per unit is $70. Budgeted unit sales for June July August, and September are 9,400, 25000, 27000, and 28,000 units, respectively. All sales are on credit b. 30% of credit sales are collected in the month of the sale and 70% in the following month. The ending finished goods inventory equals 20% of the following month's unit sales d. The ending raw materials inventory equals 10% of the following month's raw materials production needs. Each unit of finished goods requires 4 pounds of raw materials. The raw materials cost $2.50 per pound e. 20% of raw materials purchases are paid for in the month of purchase and B0% in the following month. The direct labour wage rate is $15 per hour. Each unit of finished goods requires two direct labour-hours 9. The variable selling and administrative expense per unit sold is $2.00 The fixed seliling and administrative expense per month is $64.000. Required: If 108 800 pounds of raw materials are needed to meet production in August what is the estimated raw materials inventory balance at the end of July? Raw material inventory balance Morganton Company makes one product and it provided the following information to help prepare the master budget for its first four months of operations a. The budgeted selling price per unit is $65. Budgeted unit sales for June July August and September are 9.900,30,000, 32,000 and 33,000 units, respectively. All sales are on credit b. 40% of credit sales are collected in the month of the sale and 60% in the following month The ending finished goods inventory equals 30% of the following month's unit sales d. The ending raw materials inventory equals 20% of the following month's raw materials production needs Each unit of finished goods requires 4 pounds of raw materials. The raw materials cost $2.50 per pound e. 40% of raw materials purchases are paid for in the month of purchase and 60% in the following month The direct labour wage rate is $12 per hour. Each unit of finished goods requires two direct labour hours g. The variable selling and administrative expense per unit sold is $190, The fixed selling and administrative expense per month is $69.000 Required: If 129,200 pounds of raw materials are needed for production in August, the cost of raw materials purchases in June 5188,640, what are the estimated cash disbursements for raw materials purchases in July Total cash disbursements Step by Step Solution
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