Business, 25.01.2020 00:31 shyterria1329
Morganton company makes one product and it provided the following information to prepare the master budget for its first four months of operations: a. the budgeted selling price per unit is $65. budgeted unit sales for june, july, august, and september are 9,300, 24,000, 26,000, and 27,000 units, respectively. all sales are on credit. b.forty percent of credit sales are collected in the month of the sale and 60% in the following month. c.the ending finished goods inventory equals 30% of the following month’s unit sales. d.the ending raw materials inventory equals 20% of the following month’s raw materials production needs. each unit of finished goods requires 4 pounds of raw materials. the raw materials cost $2.50 per pound. e.thirty percent of raw materials purchases are paid for in the month of purchase and 70% in the following month. f.the direct labor wage rate is $14 per hour. each unit of finished goods requires two direct labor-hours. g.the variable selling and administrative expense per unit sold is $1.90. the fixed selling and administrative expense per month is $63,000.2. what are the expected cash collections for july? 3. what is the accounts receivable balance at the end of july? 4. according to the production budget, how many units should be produced in july? 5. if 105,200 pounds of raw materials are needed to meet production in august, how many pounds of raw materials should be purchased in july? 6. what is the estimated cost of raw materials purchases for july? 7. if the cost of raw material purchases in june is $158,880, what are the estimated cash disbursements for raw materials purchases in july? 8. what is the estimated accounts payable balance at the end of july? 9. what is the estimated raw materials inventory balance at the end of july? 10. what is the total estimated direct labor cost for july assuming the direct labor workforce is adjusted to match the hours required to produce the forecasted number of units produced? 11. if the company always uses an estimated predetermined plantwide overhead rate of $9 per direct labor-hour, what is the estimated unit product cost?
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Business, 21.06.2019 21:00, Bri0929
Upscale hotels in the united states recently cut their prices by 20 percent in an effort to bolster dwindling occupancy rates among business travelers. a survey performed by a major research organization indicated that businesses are wary of current economic conditions and are now resorting to electronic media, such as the internet and the telephone, to transact business. assume a company's budget permits it to spend $5,000 per month on either business travel or electronic media to transact business. graphically illustrate how a 20 percent decline in the price of business travel would impact this company's budget set if the price of business travel was initially $1,000 per trip and the price of electronic media was $500 per hour. suppose that, after the price of business travel drops, the company issues a report indicating that its marginal rate of substitution between electronic media and business travel is 1. is the company allocating resources efficiently? explain.
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Business, 22.06.2019 23:30, glissman8459
What is the difference between career options in the law enforcement pathway and career options in the correction services pathway?
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Morganton company makes one product and it provided the following information to prepare the master...
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