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Need a lot of assistance with this multi step accounting problem. 1) what are the budgeted sales for July? 2) what are the expected cash
Need a lot of assistance with this multi step accounting problem.
1) what are the budgeted sales for July?
2) what are the expected cash collections for July?
3) what is the accounts recievable balance at the end of July?
4) according to the production budget how many units should be produced in July?
5) if 105,200 pounds of raw materials are needed to meet production in August, how many pounds of raw materials should be purchased In July?
6) what is the estimated cost of raw materials purchases for July?
7) if the cost of raw material purchases in June is $158,880, what are the estimated cash disbursements for raw materials in July?
8) what is the estimated accounts payable balance at the end of July?
9) what is the estimated raw materials inventory balance (in dollars) at the end of July?
10) what is the total estimated direct labor cost for July assuming the direct labor workforce is adjusted to match the hours required to produce the forecasted number of units produced?
11) if the compmay always uses an estimated predetermined plantwide overhead rate of $9 per direct labor-hour, what is the estimated unit product cost? (Round your answer to 2 decimal places).
12) what is the estimated finished goods Inventory balance at the end of July, if the compmay always uses an estimated predetermined plantwide overhead rate of $9 per direct labor hour?
13) what is the estimated cost of goods and gross margin for July, if the compmay always uses an estimated predetermined plantwide overhead rate of $9 per direct labor hour?
14) what is the estimated total and administrative expense for July?
15) what is he estimated net operating income for July, if the compmay always uses an estimated predetermined plantwide overhead rate of $9 per direct labor hour?
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