Sevenbergen Corporation makes one product and has provided the following information to help prepare the master budget for the next four months of operations: Credit sales are collected: 40% in the month of the sale 60% in the following month Raw materials purchases are paid: 30% in the month of putchase. 70% in the following month The ending finished goods inventory should equal 20% of the following months sales. The ending raw materiais inventory should equal 30 s, of the following month's raw meteriais production needs. The budgeted sales for August is ciosest to: he budgeted sales for August is closest to: Multiple Choice $956,800 $1,039,600 $993,600 $828,000 Bramble Corporation is a small wholesaler of gourmet food products. Data regarding the store's operations follow: - Sales are budgeted at $460,000 for November, $440,000 for December, and $430,000 for January. - Collections are expected to be 45% in the month of sale and 55% in the month following the sale. - The cost of goods sold is 80% of sales. - The company would like to maintain ending merchandise inventories equal to 60% of the next month's cost of goods sold. Payment for merchandise is made in the month following the purchase. - Other monthly expenses to be paid in cash are $25,200. - Monthly depreciation is \$16,200. - Ignore taxes. December cash disbursements for merchandise purchases would be: Muliple Choice $206,400 $358,400 $352.000 $347,200 Luchini Corporation makes one product and it provided the following information to help prepare the master budget for the next four months of operations: a. The budgeted selling price per unit is \$111. Budgeted unit sales for April, May, June, and July are 7,100, 10,100, 13,300, and 14,000 units, respectively, All soles are on credit b. Regarding credit sales, 40% are collected in the month of the sale and 60% in the following month. c. The ending finished goods inventory equals 10% of the following month's sales. d. The ending raw materials inventory equals 30% of the following month's raw materials production needs. Each unit of finished goods requires 5 pounds of raw materials. The raw materials cost $5.00 per pound. e. Regarding raw materials purchases, 40% are paid for in the month of purchase and 60% in the following month. f. The direct labor wage rate is $18.00 per hour, Each unit of finished goods requires 2.9 direct labor-hours. 9. Variable manufacturing overhead is $7.00 per direct labor-hour. Fixed manufacturing overhead is zero. If the budgeted cost of raw materials purchases in Apnil is $207,650 and in Mary is $282,625, then in Moy the total budgeted cash disbursements for raw materials purchases is closest to: If the budgeted cost of raw materials purchases in April is $207,650 and in May is $282,625, then in May the total budgeted cash disburse materials purchases is closest to: Multiple Choice $124,590 $237,640 $169,575 $113,050