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Question 9 3 pts Budgets: Bill's Balloons Bill's Balloon Creation Co. has projected sales units for the second quarter of the coming year as follows:
Question 9 3 pts Budgets: Bill's Balloons Bill's Balloon Creation Co. has projected sales units for the second quarter of the coming year as follows: April May June Budgeted Unit Sales 50,000 40,000 60,000 All units are sold on account for $14 each. What revenue will be budgeted for in April? Question 10 2 pts Budgets: Bill's Balloons On April 1st, the company had 4,600 units in its inventory. The company wants to have 10% of the next month's sales in its ending inventory. How many units does the company need to produce during April? Question 11 3 pts Budgets: Bill's Balloons a Assume May and June have a budgeted production of 42,000 and 59,500 units respectively. Each unit produced requires 1.5 ounces of direct materials (the cost of direct materials are $0.10 per ounce) and .4 direct labor hours (wages are $10 per hour). On May 1, there are 6,000 ounces of direct materials on hand, and the company requires 10% of next months production to be in inventory at the end of the month. How much direct materials (in ounces) does Bill's Balloons need to purchase in May? Question 12 4 pts Budgets: Bill's Balloons Assume May and June have a budgeted production of 42,000 and 59,500 units respectively. Each unit produced requires 1.5 ounces of direct materials (the cost of direct materials are $0.10 per ounce) and .4 direct labor hours (wages are $10 per hour). The company pays employees with a slight delay; assume that 80% of wages are paid in the month they are incurred, and 20% are paid in the following month. Calculate the budgeted amount of wages that will be paid in cash during June. Question 13 4 pts Budgets: Bill's Balloons Assume the company had budgeted cash receipts of $552,000 and disbursements of $380,000 in April. If the company's beginning cash balance was $22,000, and the company will require $200,000 cash to be on hand at the beginning of May, how much (if any) will the company need to borrow
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