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Vinall Corporation makes one product and has provided the following information to help prepare the master budget for the next four months of operations: Budgeted
Vinall Corporation makes one product and has provided the following information to help prepare the master budget for the next four months of operations:
Budgeted selling price per unit $
Budgeted unit sales all on credit:
July
August
September
October
Raw materials requirement per unit of output pounds
Raw materials cost $ per pound
Direct labor requirement per unit of output direct laborhours
Direct labor wage rate $ per direct laborhour
Credit sales are collected:
in the month of the sale
in the following month
Raw materials purchases are paid:
in the month of purchase
in the following month
The ending finished goods inventory should equal of the following month's sales. The ending raw materials inventory should equal of the following months raw materials production needs.
If pounds of raw materials are needed for production in September, how many pounds of raw materials should be purchased in August?
What is the estimated cost of raw materials purchases for August?
If the cost of raw material purchases in July is $ then in August what are the total estimated cash disbursements for raw materials purchases?
What is the total estimated direct labor cost for August assuming the direct labor workforce is adjusted to match the hours required to produce the forecasted number of units produced?
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