w 4082 ACCT311-W-COST Time left T Over A the bugs soon ins S% of one The ring med goods inwentary cos 20% Der dinge merials wendtory eq Each unit of finished goods requires 4 pounds o af et sales or Apel, May, Sa, and y 50 50% in the following north the following month's unit sales month's raw materials production nee The raw materials cost $2.50 per pound E60% of raw materials purchases are paid for in the month of purchase and 40% in the following month F. The direct labor wage rate $12.50 per hour. Each unit of finished goods requires 2 direct labor-hour G. The variable selling and administrative expense per unit sold in $2.00. The feed selling and administr expense per month is $75,000 Required Figure your solutions below and record your final answer in the space provided. 1. What are the budgeted sales for May 2. What are the expected cash collections for May? 40 O 4 5 6 - 7 00 8 E R T Y D D F G H CV B N M hp K 69 O O your tutors belowend woont ot provided What a me badged for H ctions May Time lett 05437 2. What are the pedindo What the accounts oeste balance at the end of May 4 According to the pedaction budget, how many units should be produced in May? 542,400 pounds of raw materials are needed to meet production in June, how many of raw materials should be purchased in May? What is the estimated cost of saw materials for May? 7. In May, what are the total estimated cash disbursements for raw materials 7 Assume the cost of raw material purchases in the previous month is $96,000 8. If required production for the year is 41,000 pounds, what is the total direct labor B 1 T:- 40 4 M hp 144 % 5 6 & 7 8 9 T G Y I U 71 K $3