NFT uses 10 pounds of material per unit. NFT has decided it wants 15% material of the following month's production. On June 30th it had 30,000 pounds of material on had. The material costs $2.00 per pound. NFT September 30th desired ending material is 8,000 pounds Production Units Materials per unit (pounds) Production Needs Add: Desired Ending Inventory Total Needed Less: Beginning Inventory Materials to be Purchased Direct Materials Budget July August September Quarter NFT pays $2.00 per pound of material. Part 5: (2 marks) 1/2 of the months purchases is paid for in the month it is purchased. The other 1/2 is paid the following month. The June 30th Accounts Payable balance was $51,000. Accounts Payable July Purchases August Purchases September Purchases Total Cash Disbursements Part 6: (2 marks) At NFT each unit of product requires 0.10 hours of direct labour. NFT has no overtime. NFT pays its manufacturing staff $18/hr. Units of Production Direct Labour per Unit Labour Hours Required Direct Labour Cost per Hour Total Direct Labour Part 7: (2 marks) Cash Disbursements for Materials July August September Quarte Direct Labour 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 Locs Non cach Costc Manufacturing Overhead Budget July August September Quarter