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Use the information to answer the blanks below. please. will give upvote Leigh, Waterways' CFO, was sent to B.C. to oversee the plant's budgeting process
Use the information to answer the blanks below. please.
will give upvote
Leigh, Waterways' CFO, was sent to B.C. to oversee the plant's budgeting process for the second quarter of 2023. Jordan asked the various managers to collect the following information for preparing the second-quarter budget. balance is collected in the month after sale. This was the same collection pattern as the previous year. The new plant has no bad debts. Direct Materials This plant likes to keep 10% of the materials needed for the next month in its ending inventory. Fifty percent of the payables is paid in the month of purchase, and 50% is paid in the month after purchase. Accounts payable on March 31 will total $127,200. Direct Labour Labour requires 15 minutes per unit for completion and is paid at an average rate of $10 per hour. Labour requires 15 minutes per unit for completion and is paid at an average rate of $10 per hour. is considered to be on the first day of the month and repayments and interest payments are on the last day of the month. In May, $730,000 of new equipment to update operations will be purchased. Three months' insurance is prepaid on the first day of the first month of the quarter. WATERWAYS CORPORATION British Columbia Production Plant Production Budget for the 2nd Quarter, 2023 April May June Total eTextbook and Media Question Part Score For the second quarter of 2023, prepare a direct materials budget. (Round cost per kg to 2 decimal places, e.g. 0.25 and all other answers to 0 decimal places, e.g. 2,520.) WATERWAYS CORPORATION British Columbia Production Plant Direct Materials Budget for the 2nd Quarter, 2023 April May June TotalStep by Step Solution
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