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please show steps with explanation please! Checamy Sevenbergen Corporation makes one product and has provided the following information to help prepare the master budget for
please show steps with explanation please!
Checamy Sevenbergen Corporation makes one product and has provided the following information to help prepare the master budget for the next four months of operations: 92 hos Budgeted selling price per unit Budgeted unit males (all on credit) July August September October 9,000 11,300 10,400 10.800 Raw materials requirement per unit of output Raw materials cost Direct labor requirement per unit of output Direct Labor wage rate Variable selling and administrative expense Tixed selling and administrative expense 4 pounds $ 1.00 per pound 2.8 direct labor-hours $ 22.00 per direct labor-bour 5 1.50 per unit sold $70,000 per month Credit sales are collected 40% in the month of the sale 60% in the following month Raw materials purchases are paid 30% in the month of purchase 30 in the following month Help Save & ERIE Submit 30% in the month of purchase 70% in the following month The ending finished goods inventory should equal 20% of the following month's sales. The ending raw materials inventory should equal 30% of the following month's raw materials production needs 1441.920 pounds of raw materials are required for production in September then the budgeted raw material purchases for August is closest to Multiple Choice 43712 pounds 4440 pounds 70/400 pounds 57056 pounds 3 of 30 Step by Step Solution
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