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Question 4 1 pts A company produces industrial rotors and provides the following additional information about steel, which is a direct material for the

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Question 4 1 pts A company produces industrial rotors and provides the following additional information about steel, which is a direct material for the rotors: Pounds of steel needed per rotor Steel cost 13 pounds $2.33/pound At the end of each month, the company wants to have 10% of the raw materials that will be needed for the next month on hand. Budgeted rotor production for the next two months is: November December 12,000 rotors 7,000 rotors What will be the budgeted cost of steel purchases for November? (Round the final answer to the nearest dollars and cents and remember that your final answer should be a cost, not a number of pounds.) Question 3 1 pts A company produces and sells one product and provides the following information for the month of June: Budgeted sales: Budgeted production: 5,500 units Budgeted variable selling cost: 5,900 units $36/unit sold Fixed selling and administrative costs: $20,000 (this amount includes $2110 of depreciation) Calculate the amount of selling, general, and administrative costs that will go on the Cash Budget for June. Question 5 A company calculates the following cash inflows and outflows for its January Cash Budget: Beginning Cash Balance Cash Collections Cash Available Disbursements: Raw Materials Direct Labor Manufacturing Overhead Selling, General and Admin expenses Total Disbursements $20,000 $590,000 $610,000 $300,000 $150,000 $50,000 $113,000 $613,000 1 pts At the beginning of January, the company has no outstanding debt. If this company wants to always have at least $7,000 of cash on hand at the beginning of each month, how much do they need to borrow during for the month of January?

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