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Webster Corporation is preparing a master budget for the first quarter. The company budgets production of 3,020 units in January, 2,770 units in February and
Webster Corporation is preparing a master budget for the first quarter. The company budgets production of 3,020 units in January, 2,770 units in February and 3,590 units in March. Each unit requires 0.6 hours of direct labor. The direct labor rate is $13 per hour. Compute the budgeted direct labor cost for the first quarter budget. Western Company is preparing a cash budget for June. The company has $11,200 in cash at the beginning of June and anticipates $30,800 in cash receipts and $36,100 in cash payments during June. Western Company has an agreement with its bank to maintain a minimum cash balance of $10,000. As of May 31, the company has no loans outstanding. To maintain the $10,000 required balance, during June the company must: Flagstaff Company has budgeted production units of 9,800 for July and 10,000 for August. The direct materials requirement per unit is 3 ounces (oz.). The company requires to have safety stock of direct materials on hand at the end of each month to complete 25% of the units of budgeted production in the following month. There was 7,350 ounces of direct material in inventory at the start of July. The total ounces of direct materials to be purchased in July is
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