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previous answers: -budgeted sales is $1,740,000 -total cash collections for July is $933,600 -required production is 29,400 units -raw materials to be purchased is 118,320

previous answers:
-budgeted sales is $1,740,000
-total cash collections for July is $933,600
-required production is 29,400 units
-raw materials to be purchased is 118,320 pounds
-cost of raw material to be purchased is $295,800
-total cash disbursements is $195,252
* please answer question number 10 and 14, i posted photos of them below* for total direct labor cost and total selling and administrative expenses image text in transcribed
image text in transcribed
Check Required information The Foundational 15 (LO8-2, LO8-3, LO8-4, LO8-5, LO8-7, LO8-9, LO8-10] (The following information applies to the questions displayed below.) Morganton Company makes one product and it provided the following information to help prepare the master budget: a. The budgeted selling price per unit is $60. Budgeted unit sales for June July August, and September are 9.800. 29,000, 31,000, and 32,000 units, respectively. All sales are on credit b. Thirty percent of credit sales are collected in the month of the sale and 70% in the following month. C. The ending finished goods inventory equals 20% of the following month's unit sales. d. The ending raw materials inventory equals 10% of the following month's raw materials production needs. Each unit of finished goods requires 4 pounds of raw materials. The raw materials cost $2.50 per pound. e. Thirty percent of raw materials purchases are paid for in the month of purchase and 70% in the following month 1. The direct labor wage rate is $15 per hour. Each unit of finished goods requires two direct labor-hours. g. The variable selling and administrative expense per unit sold is $1.80. The fixed selling and administrative expense per month is $68,000 Foundational 8-10 10. What is the total estimated direct labor cost for July assuming the direct labor workforce is adjusted to match the hours required to produce the forecasted number of units produced? Total direct labor cost Required information The Foundational 15 (LO8-2, LO8-3, L08-4, LO8-5, LO8-7, L08-9, L08-10] The following information applies to the questions displayed below.) Morganton Company makes one product and it provided the following information to help prepare the master budget: a. The budgeted selling price per unit is $60. Budgeted unit sales for June July August, and September are 9,800 29,000, 31,000, and 32,000 units, respectively. All sales are on credit b. Thirty percent of credit sales are collected in the month of the sale and 70% in the following month. c. The ending finished goods inventory equals 20% of the following month's unit sales. d. The ending raw materials inventory equals 10% of the following month's raw materials production needs. Each unit of finished goods requires 4 pounds of raw materials. The raw materials cost $2.50 per pound. e. Thirty percent of raw materials purchases are paid for in the month of purchase and 70% in the following month. f. The direct labor wage rate is $15 per hour. Each unit of finished goods requires two direct labor-hours. g. The variable selling and administrative expense per unit sold is $1.80. The fixed selling and administrative expense per month is $68,000. Foundational 8-14 14. What is the estimated total selling and administrative expense for July? Total selling and administrative expenses

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