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XYZ Corp. has prepared the following budget information for the second quarter: Various Operating Budget Information April May June Sales Forecast (units of finished goods)

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XYZ Corp. has prepared the following budget information for the second quarter: Various Operating Budget Information April May June Sales Forecast (units of finished goods) 13,000 units 19,500 units 24,700 units Production Budget (units of finished goods) 14,300 units 20,540 units 22,880 units Material Purchases Budget (units of material) 28,848 units 41,548 units 41,184 units ** Budgeted Cost of Goods Sold per Unit of Finished Good: Materials: 2.6 units of material @ $3.90/unit $10.14 Direct Labor: 70 hour @ $9.10/hour 6.37 Variable Overhead: $2.4143/direct labor hour 1.69 Fixed Overhead: 1.80*** Total budgeted cost/goods/sold per unit $20.00 Budgeted Cost of Goods Sold per Unit of Finished Good: Materials: 2.6 units of material @ $3.90/unit $10.14 Direct Labor: .70 hour @ $9.10/hour 6.37 Variable Overhead: $2.4143/direct labor hour 1.69 Fixed Overhead: 1.80*** Total budgeted cost/goods/sold per unit $20.00 **Based on monthly Fixed Overhead budgeted at $45,000 ($7,500 of which is depreciation) allocated over 25,000 production units of capacity Use the above information to answer the following 5 questions For the month of JUNE, what would budgeted Material Purchases be in dollars (round to the nearest dollar)? Using the XYZ budget information, what would JUNE'S Direct Labor budget be in dollars (round to the nearest dollar)? O $145,746 $208,208 $224,770 O $157,339 Using the XYZ budget information, what would JUNE'S Variable Overhead budget be in dollars (round to the nearest dollar)? O $41,743 O $64.220 $38,667 $59,488 Using the XYZ budget information, what amount would appear on the Cash Disbursements/Payments Budget for JUNE'S Fixed Overhead? $45,000 O $41,184 $34,320 O $37,500 Using the XYZ budget information, and assuming for JUNE the Selling Price per unit is to be $35.00/unit and Selling & Administrative Expenses are budgeted to be $150,000, what would JUNE'S Income be on the Budgeted Income Statement (ignore taxes and round to the nearest dollar)? $220,500 O $370,500 O $193,200 O $714,500

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