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this is one question with two sub question I need both answers ASAP Check my work The following information applies to the questions displayed below!
this is one question with two sub question I need both answers ASAP
Check my work The following information applies to the questions displayed below! Morganton Company makes one product, and has provided the following information to help prepare the master budget for its first four months of operations a. The budgeted selling price per unit is 570. Budgeted unit sales for June July August, and September are 8.400, 10.000, 12000 and 13.000 units respectively. All sales are on credit 6. Forty percent of credit sales are collected in the month of the sale and 60% in the following month c The ending finished goods inventory equals 20% of the following month's unit sales d. The ending raw materials inventory equals 10% of the following month's raw materials production needs. Each unit of finished goods requires 5 kilograms of raw materials. The raw materials cost $200 per kilogram Thirty percent of raw materials purchases are paid for in the month of purchase and 70% in the following month The direct labour wage rate is $15 per hour Each unit of finished goods requires two direct labour Hours 9. The variable selling and administrative expense per unit sold $180. The fixed selling and administrative expense per month is 560,000 14. What is the estimated total selling and administrative expense for July Totalling and adminiponses o 3:21 3/2/2 Suomet Check my work Morganton Company makes one product, and has provided the following information to help prepare the master budget for its first four months of operations a The budgeted selling price per unit is $70. Budgeted unit sales for June July August, and September are 8,400, 10,000, 12,000, and 13,000 units, respectively All sales are on credit b Forty percent of credit sales are collected in the month of the sale and 60% in the following month. c The ending finished goods inventory equals 20% of the following months unit sales d The ending raw materials inventory equals 10% of the following month's raw materials production needs Each unit of finished goods requires 5 kilograms of raw materials. The raw materials cost $200 per kilogram e Thirty percent of raw materials purchases are paid for in the month of purchase and 70% in the following month The direct labour wage rate is $15 per hour Each unit of finished goods requires two direct labour hours g. The variable selling and administrative expense per unit sold is 5180. The fired selling and administrative expense per month is $60.000 15 What is the estimated operating income for July? Opating income Step by Step Solution
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