NFT manufacturing overhead (OH) is applied to units based on direct labour hours. The variable manufacturing OH rate is $12 per direct labour hour. Fixed manufacturing OH is 25,000 per month and includes $5,000 of depreciation. Budgeted Direct Labour Hours Variable mfg OH Rate Variable mfg OH Costs Fixed mfg OH costs Total mfg OH costs Less: Non cash Costs Cash Disbursements for mfg OH Direct Materials Direct Labour Manufacturing OH Production Costs per Unit Budgeted Finished Goods Inventory Ending Inventory in Units Unit Product Cost Ending Finished Goods Inventory Manufacturing Overhead Budget July August September Quarter Part 8: (2 Marks) Ending Finished Goods Inventory Budget Quantity Costs Total Part 9: (2 Marks) NFT variable selling & administrative (S&A) expenses are $0.10 per unit sold. Fixed S&A expenses are $40,000 per month. Which includes $5,000 of depreciation. Selling & Administrative Expense Budget Budgeted Sales Variable S&A Rate Wariable Expenses Fixed S&A expenses Total S&A expenses Less: Noncash Expenses Cash S&A Expenses Part 10: (2 Marks) July August NFT maintains a 8% line of credit for $1,000,000, and a minimum bank balance of $350,000. Interest is calculated and due on a monthly basis. NFT pays a cash dividend of $25,000 in September. NFT purchases $25,000 of equipment in September. On July 1, 2022 NFT had $50,000 in the bank. Beginning Cash Balance Add: Cash Collections Total Cash Available Less: Cash Disbursements Materials Direct Labour Manufacturing OH Selling & Administrative September Quarter Cash Budget July August September Quarter NFT manufacturing overhead (OH) is applied to units based on direct labour hours. The variable manufacturing OH rate is $12 per direct labour hour. Fixed manufacturing OH is 25,000 per month and includes $5,000 of depreciation. Budgeted Direct Labour Hours Variable mfg OH Rate Variable mfg OH Costs Fixed mfg OH costs Total mfg OH costs Less: Non cash Costs Cash Disbursements for mfg OH Direct Materials Direct Labour Manufacturing OH Production Costs per Unit Budgeted Finished Goods Inventory Ending Inventory in Units Unit Product Cost Ending Finished Goods Inventory Manufacturing Overhead Budget July August September Quarter Part 8: (2 Marks) Ending Finished Goods Inventory Budget Quantity Costs Total Part 9: (2 Marks) NFT variable selling & administrative (S&A) expenses are $0.10 per unit sold. Fixed S&A expenses are $40,000 per month. Which includes $5,000 of depreciation. Selling & Administrative Expense Budget Budgeted Sales Variable S&A Rate Variable Expenses Fixed S&A expenses Total S&A expenses Less: Noncash Expenses Cash S&A Expenses Part 10: (2 Marks) July August NFT maintains a 8% line of credit for $1,000,000, and a minimum bank balance of $350,000. Interest is calculated and due on a monthly basis. NFT pays a cash dividend of $25,000 in September. NFT purchases $25,000 of equipment in September. On July 1, 2022 NFT had $50,000 in the bank. Beginning Cash Balance Add: Cash Collections Total Cash Available Less: Cash Disbursements Materials Direct Labour Manufacturing OH Selling & Administrative September Quarter Cash Budget July August September Quarter