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Please see attached there are 7 charts to it please complete all. Just need the charts filled in. Crydon, Inc., manufactures an advanced swim fin

Please see attached there are 7 charts to it please complete all. Just need the charts filled in.

image text in transcribed Crydon, Inc., manufactures an advanced swim fin for scuba divers. Management is now preparing detailed budgets for the third quarter, July through September, and has assembled the following information to assist in preparing the budget: a. The Marketing Department has estimated sales as follows for the remainder of the year (in pairs of swim fins): The selling price of the swim fins is $15 per pair. July August September 5,100 6,100 4,100 October November December 3,100 2,100 2,100 b. All sales are on account. Based on past experience, sales are expected to be collected in the following pattern: 41% in the month of sale 47% in the month following sale 12% uncollectible The beginning accounts receivable balance (excluding uncollectible amounts) on July 1 will be $127,000. c. The company maintains finished goods inventories equal to 11% of the following month's sales. The inventory of finished goods on July 1 will be 561 pairs. d. Each pair of swim fins requires 4 pounds of geico compound. To prevent shortages, the company would like the inventory of geico compound on hand at the end of each month to be equal to 20% of the following month's production needs. The inventory of geico compound on hand on July 1 will be 4,168 pounds. e. Geico compound costs $3.00 per pound. Crydon pays for 57% of its purchases in the month of purchase; the remainder is paid for in the following month. The accounts payable balance for geico compound purchases will be $11,400 on July 1. 1a Prepare a sales budget, by month and in total, for the third quarter. July Budget sales (pairs) Selling price per pair Total budget sales August September Quarter 1b. Schedule of expected Cash Collections July August September Quarter Accounts Receivable, beginning balance July Sales August Sales September Sales Total Cash Collections 2. Prepare a production budget for each of the months July through October Production Budget August July September October Budget sales Pairs Total needs Required Production Pairs 3a. Prepare a direct materials budget for geico compound, by month and in total, for the third quarter. (Do not round intermediate calculations.) Direct Matierials Budget July Required Production Pairs Raw Materials needs per pair (lbs) Production needs Total Needs Raw materials to be purchased Cost of raw materials to be purchased August September Quarter 3b. Prepare a schedule of expected cash disbursements for geico compound, by month and in total, for the third quarter. (Do not round intermediate calculations.) Schedule of expected cash disbursements July August Accounts payable, beginning balance July purchases August purchases September purchases Total Cash Disbursements September Quarter The production manager of Junnen Corporation has submitted the following forecast of units to be produced for each quarter of the upcoming fiscal year. Units to be produced 1st Quarter 5,500 2nd Quarter 4,100 3rd Quarter 4,300 4th Quarter 5,050 Each unit requires 0.30 direct labor-hours and direct labor-hour workers are paid $13 per hour. Required: 1. Complete the company's direct labor budget for the upcoming fiscal year, assuming that the direct labor workforce is adjusted each quarter to match the number of hours required to produce the forecasted number of units produced. (Round "DL hours per unit" answers to 2 decimal places.) Junnen Corp. Direct Labor Budget 1st quarter 2nd quarter 3rd quarter 4th quarter year Units to be produced Direct labor time per unit(hour) Total direct labor time needed Direct labor costs per hour Total direct labor cost 2. Complete the company's direct labor budget for the upcoming fiscal year, assuming that the direct labor workforce is not adjusted each quarter. Instead, assume that the company's direct labor workforce consists of permanent employees who are guaranteed to be paid for at least 1,440 hours of work each quarter. If the number of required direct labor-hours is less than this number, the workers are paid for 1,440 hours anyway. Any hours worked in excess of 1,440 hours in a quarter are paid at the rate of 1.5 times the normal hourly rate for direct labor. (Do not round intermediate calculations.) 1st quarter Total direct labor hours needed Regular hours paid Overtime hours paid Wages for regular hours Overtime wages Total direct labor cost Direct Labor budget 2nd quarter 3rd quarter 4th quarter year

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