Roberts Enterprises has budgeted sales in units for the next five months as follows: June July August September October 4,540 units 7,300 units 5,340 units 6,780 units 3,740 units Past experience has shown that the ending inventory for each month must be equal to 20% of the next month's sales in units. The inventory on May 31 contained 908 units. The company needs to prepare a production budget for the second quarter of the year. The total number of units to be produced in July is: Multiple Choice 8,368 units 7,300 units 6,908 units 7,643 units Tracie Corporation manufactures and sells women's skirts. Each skirt (unit) requires 2 2 yards of cloth. Selected data from Tracie's master budget for next quarter are shown below: Budgeted sales (in units) Budgeted production (in units) July 8,000 9,000 August September 10,000 12,000 11,500 14,000 Each unit requires 0.9 hours of direct labor, and the average hourly cost of Tracie's direct labor is $19. What is the cost of Tracie Corporation's direct labor in September? o $228,000 o $205,200 o $239,400 o $266,000 Pooler Corporation is working on its direct labor budget for the next two months. Each unit of output requires 0.74 direct labor-hours. The direct labor rate is $10.40 per direct labor-hour. The production budget calls for producing 7,200 units in April and 6,800 units in May. The company guarantees its direct labor workers a 40-hour paid work week. With the number of workers currently employed, that means that the company is committed to paying its direct labor work force for at least 5,480 hours in total each month even if there is not enough work to keep them busy. What would be the total combined direct labor cost for the two months? Multiple Choice $109,324.80 $107,744.00 Sin3.984.00 $123,052.80 Frolic Corporation has budgeted sales and production over the next quarter as follows: Sales in units Production in units July August September 43,500 55,500 ? 44,350 55,800 60,150 The company has 4,700 units of product on hand at July 1. 10% of the next month's sales in units should be on hand at the end of each month. October sales are expected to be 75,000 units. Budgeted sales for September would be in units): 67,650 58,500 65,700 67,500 The manufacturing overhead budget at Foshay Corporation is based on budgeted direct labor-hours. The direct labor budget indicates that 7,100 direct labor-hours will be required in May. The variable overhead rate is $7.60 per direct labor-hour. The company's budgeted fixed manufacturing overhead is $139,160 per month, which includes depreciation of $24,860. All other fixed manufacturing overhead costs represent current cash flows. The company recomputes its predetermined overhead rate every month. The predetermined overhead rate for May should be: o $760 o $2720 o $23.70 o $19.60 The manufacturing overhead budget at Polich Corporation is based on budgeted direct labor-hours. The direct labor budget indicates that 7,600 direct labor-hours will be required in February. The variable overhead rate is $8.30 per direct labor-hour. The company's budgeted fixed manufacturing overhead is $110,960 per month, which includes depreciation of $18,100. All other fixed manufacturing overhead costs represent current cash flows. The company recomputes its predetermined overhead rate every month. The predetermined overhead rate for February should be: Multiple Choice $14.60 per direct labor-hour $20.60 per direct labor-hour O $8.30 per direct labor-hour $22.90 per direct labor-hour Capes Corporation is a wholesaler of industrial goods. Data regarding the store's operations follow: Sales are budgeted at $300,000 for November, $310,000 for December, and $290,000 for January. Collections are expected to be 50% in the month of sale and 50% in the month following the sale. The cost of goods sold is 70% of sales. The company desires an ending merchandise inventory equal to 30% of the cost of goods sold in the following month. Payment for merchandise is made in the month following the purchase. The November beginning balance in the accounts receivable account is $65,000. The November beginning balance in the accounts payable account is $252,000. Required: a. Prepare a Schedule of Expected Cash Collections for November and December. b. Prepare a Merchandise Purchases Budget for November and December. Complete this question by entering your answers in the tabs below. Required A Required B Prepare a Schedule of Expected Cash Collections for November and December. November December Sales Schedule of Expected Cash Collections Accounts receivable November sales December sales Total cash collections Required A Required B > Complete this question by entering your answers in the tabs below. Required A Required B Prepare a Merchandise Purchases Budget for November and December November December Merchandise Purchases Budget Cost of goods sold Total needs Required purchases