number 8 explanied

Read the roots Requirement Prepare a combined cash butontan parte in the table the routfeld amply do not enter Users or a minut norge hand and we Dalton Manufacturing Combined Cash Budget For the Quarter Ended March 31 January February Quarter Beginning con Plus Cathcotection Total Lymer Direct mapuths Drac Mancung overeado Operating penes Come puth Endinger Financing Plus: New borrowings Less: Debt repayments Less: Interest payments Total financing Ending cash balance De gumenemis Month January March Quarter February 41580 Cash sales 34860 40320 116760 Credits sales 461500 64740 77220 188110 Total cash collections 81010 106320 117540 304870 Requirement 2. Prepare a production budget. (Hint: Unit sales - Sales in dollars - Selling price per unit.) Dalton Manufacturing Production Budget For the Quarter Ended March 31 Month January February March Quarter Unit sales 8300 9900 9600 27800 Plus: Desired ending inventory 990 960 900 2850 Total needed 9290 10860 10500 30650 Less: Beginning inventory 830 990 960 2780 8460 9870 Units to produce 9540 27870 Requirement 3. Prepare a direct materials budget. (Round your answers to the nearest whole doltar.) Dalton Manufacturing C Requirement 3. Prepare a direct materials budget. (Round your answers to the nearest whole dollar.) Dalton Manufacturing Direct Materials Budget For the Quarter Ended March 31 Month January February March Quarter Units to be produced 8460 9870 9540 27870 Multiply by: Quantity (pounds) of DM needed per unit 3 3 3 3 Quantity (pounds) needed for production 25380 29610 28620 83610 Plus: Desired ending inventory of DM 5922 5724 5376 5376 Total quantity (pounds) needed 31302 35334 33996 88986 Less: Beginning inventory of DM 5076 5922 5724 5076 Quantity (pounds) to purchase 26226 29412 28272 83910 Multiply by: Cost per pound 2 2 2 2 Total cost of DM purchases 52452 58824 56544 167820 Requirement 4. Prepare a cash payments budget for the direct material purchases from Requirement 3. (Use the accounts payable balance at December 31 of prior yes nearest whole dollar) nator Requirement 4. Prepare a cash payments budget for the direct material purchases from Requirement 3. (Use the accounts payable balance at December 31 of pror year for the prior month payment in der earest whole dar) Dalton Manufacturing Cash Payments for Direct Materials Budget For the Quarter Ended March 31 Month January February March Quarter 20% of current month OM Durchase 10490 11705 11300 33600 B0% of money's OM purch 43000 47050 132071 53490 Total cash payments Requirements. Prepare a cash payments budget for direct labor. Dalton Manufacturing Cash Payments for Direct Labor Budget For the Quarter Ended March 31 Month January February 4440 March 4 Quarter 12540 Totalcoat of direct labor 3807 Raumant Pronare a rachumanne natural Cash Payments for Manufacturing Overhead Budget For the Quarter Ended March 31 Month January February March Quarter Variable manufacturing overhead costs 9306 10857 10494 30657 Rent (fixed) 5500 5500 5500 16500 Other fixed MOH 2900 2900 2990 8700 Cash payments for manufacturing overhead 17706 19257 18894 55857 Requirement 7. Prepare a cash payments budget for operating expenses. (Round your answers to the nearest whole dollar.) Dalton Manufacturing Cash Payments for Operating Expenses Budget For the Quarter Ended March 31 Month January February March Quarter Variable operating expenses 10375 12375 12000 34750 1800 1800 Fixed operating expenses 1800 5400 14175 13800 40150 12175 Cash payments for operating expenses Enter any number in the edit fields and then continue to the next question. i Data Table - X la Current Assets as of December 31 (prior year): Cash $ 4,600 52,000 $ and $ 15,200 $ $ ... Accounts receivable, net Inventory Property, plant, and equipment, net Accounts payable Capital stock Retained earnings 120,000 ... $ 43,000 $ $ 125,500 23,100 $ urch Print Done More Info jar c.Dalton Manufacturing has a policy that states that each month's ending inventory of finished goods should be 10% of the following Mal month's sales (in units) d.of each month's direct material purchases, 20% are paid for in the month of purchase, while the remainder is paid for in the month following purchase. Three pounds of direct material is needed per unit at $2.00 per pound, Ending inventory of direct materials should be 20% of next month's production needs. e. Most of the labor at the manufacturing facility is indirect, but there is some direct labor incurred. The direct labor hours per unit is 0.05. The direct labor rate per hour is $9 per hour. All direct labor is paid for in the month in which the work is performed. The direct labor total cost for each of the upcoming three months is as follows: January ......$ 3,807 February 4,442 March ....... $ 4.293 f. Monthly manufacturing overhead costs are $5,500 for factory rent, $2,900 for other fixed manufacturing expenses, and $1.10 per udge unit for variable manufacturing overhead. No depreciation is included in these figures. All expenses are paid in the month in which they are incurred n Me g.Computer equipment for the administrative offices will be purchased in the upcoming quarter. In January, Dalton Manufacturing will purchase equipment for $5,000 (cash), while February's cash expenditure will be $12,200 and March's cash expenditure will be r Op4 $16,600. h. Operating expenses are budgeted to be $1.25 per unit sold plus fixed operating expenses of $1,800 per month. Al operating expenses are paid in the month in which they are incurred. No depreciation is included in these figures 1. Depreciation on the building and equipment for the general and administrative offices is budgeted to be 54,700 for the entire quarter, which includes depreciation on new acquisitions. Jan 3. Dalton Manufacturing has a policy that the ending cash balance in each month must be at least 54.000. It has a line of credit with a local bank. The company can borrow in increments of $1,000 at the beginning of each month, up to a total outstanding loan balance of $125,000. The interest rate on these loans is 1% per month simple interest (not compounded). The company would pay down on the line of credit balance in increments of $1,000 if it has excess funds at the end of the quarter. The company would also pay the accumulated interest at the end of the quarter on the funds borrowed during the quarter. k. The company's income tax rate is projected to be 30% of operating income less interest expense. The company pays $10,000 cash at the end of February in estimated taxes budge tarter ces Print Done chen od