Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Walsh Corporation makes one product and it provided the following information to halp prepare the master budget for the next four months of operations a.
Walsh Corporation makes one product and it provided the following information to halp prepare the master budget for the next four months of operations a. The budgeted selling price per init is \$111. Budgeted unit soles for Aptil, May, June, and muly are 7,100, 10,100, 13,300, and t4,000 units, respectively, All sales are on credit. b. Begarding credit sales 406 are collected in the month of the sale and 60% in the following month. c. The ending finished goods imentory equals 109 of the following month's sales. d. The ending row materials imventory equals 30 w of the following month's raw msterials production needs. Each unit of linished goods requires 5 pounds of raw materials, The raw materials cost 5500 per pound Fe Regarding raw materials purchases, 405 are puid for in the month of purchase and 60% in the following month. 1. The direct tabor wage rate is 51300 per hour. Each unit of finished goods requires 29 direct labor-hours. 9. Variable markifacturing overhead is 57.00 per divect labor-hour. Fuxed manufacturing overhead is rero If Mu budgeted cont of raw miatriah purchases in April is 5207,550 abd in May is $282.625, then in M4y the total budgeted cash disbursements for faw materials purchases is ciosest tor *. 5169575 b. 527340 1111050 a 5124590
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started