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please need help in these three problems Question 15 of 18 -13 View Policies Current Attempt in Progress Crane Corporation is projecting a cash balance

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Question 15 of 18 -13 View Policies Current Attempt in Progress Crane Corporation is projecting a cash balance of $30/600 in its December 31, 2019, balance sheet. Crane's schedule of expected collections from customers for the first quarter of 2020 shows total collections of $188,700. The schedule of expected payments for direct materials for the first quarter of 2020 shows total payments of $43.860. Other information gathered for the first quarter of 2020 is sale of equipment $3,060, direct labor $71.400, manufacturing overhead $35,700, selling and administrative expenses $45.900; and purchase of securities $14.280. Crane wants to maintain a balance of at least $25,500 cash at the end of each quarter. Prepare a cash budget for the first quarter. CRANE CORPORATION Cash Budget Type here to search 9 5 6 8 W E R T U 0 s D F G H J K C B NM DO Direct Labor Receipts Direct Materials Manufacturing Overhead Ending Cash Balance Selling and Administrative Expenses Excess of Available Cash Over Cash Disbursements Collections from Customers Financing Total Available Cash Repayments Total Disbursements Purchase of Securities Disbursements Total Receipts Borrowings Beginning Cash Balance Sale of Equipment ere to search o CRANE CORPORATION Cash Budget : Type here to search O BI E 2 5 6 00 9 O E R. T s D F G H J . V B NM Question 15 of 18 A pe here to search O 3 5 6 7 00 E R T Y O P. F G H J K Question 16 of 18 -/3 In May 2020, the budget committee of Oriole Stores assembles the following data in preparation of budgeted merchandise purchases for the month of June 1. Expected sales: June $529,600, July $615,600 2. Cost of goods sold is expected to be 75% of sales 3. Desired ending merchandise inventory is 30% of the following next month's cost of goods sold. 4. The beginning inventory at June 1 will be the desired amount Compute the budgeted merchandise purchases for June ORIOLE STORES Merchandise Purchases Budget Type here to search o 8 E R T D F G H K V B N M Question 16 of 18 ORIOLE STORES Merchandise Purchases Budget Budgeted Cost of Goods Sold Total Materials Required Direct Materials Purchases Units to Be Produced Required Merchandise Purchases Desired Ending Merchandise Inventory Beginning Merchandise Inventory Direct Materials per Unit pe here to search O RE $ 3 4 5 & 6 7 8 9 V E R T U Question 16 of 18 Prepare the budgeted multiple-step income statement for June through gross profit. ORIOLE STORES Budgeted Income Statement Cost of Goods Sold Desired Ending Merchandise Inventory Sales Beginning Merchandise Inventory Budgeted Cost of Goods Available for Sale Direct Materials Purchases Gross Profit Required Merchandise Purchases s Total Materials Required Units to Be Produced Attempts: unlimited Type here to search E 2 3 5 & 6 7 00 W E R T Y U G H J Question 17 of 18 -13 View Policies Current Attempt in Progress Pharoah and Sheridan's Painting Service estimates that it will paint 17 small homes, 7 medium homes, and 2 large homes during the month of June 2020. The company estimates its direct labor needs as 43 hours per small home, 78 hours for a medium home, and 131 hours for a large home. Its average cost fo[direct laboris $27 per hour. Prepare a direct labor budget for Pharoah and Sheridan's Painting Service for June 2020 Pharoah and Sheridan's Painting Service Direct Labor Budget Small Medium Large Type here to search 8 E 9 R T SD F G H 00 Z M Question 17 of 18 -/3 Prepare a greator ouoger Tornaran ang sengan sang service Tor June Zuz Pharoah and Sheridan's Painting Service Direct Labor Budget Small Medium Large 5 $ $ $ eTextbook and Media Type to search o Attempts unlimited E Subt 8 9 R T Y s D P F G H X C ar B N M

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