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Required: 1. What are the budgeted sales for February? 2. What are the expected cash collections for February? 3. What is the budgeted accounts receivable
Required:
1. What are the budgeted sales for February?
2. What are the expected cash collections for February?
3. What is the budgeted accounts receivable balance at the end of February?
1
4. (a) How many units should be produced in January? (b) How many units should be produced in February? (c) How many units should be produced in March?
5. What is the estimated total cost of raw materials purchases for January?
6. What is the estimated total cost of raw materials purchases for February?
7. In February, what are the total estimated cash disbursements for raw materials purchases?
8. What is the estimated accounts payable balance at the end of February?
9. What is the estimated raw materials inventory balance at the end of February?
10.What is the total estimated direct labor cost for February assuming the direct labor workforce is adjusted to match the hours required to produce the forecasted number of units produced? Any extra hours needed are obtained by hiring temporary workers also at $15 per hour.
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