70.2K

Verified Solution

Link Copied!

G D Qin manufactures one product. Data on the company's operations follow: K M N 0 7 8 5 Budgeted sales in units: 20,000 in July 30,000 in August, and 40,000 for September 6 The unit sales prices is $20 All sales are credit sales: 50% percent are collected in the month of Sale 10% in the month following the sale, and 10% two months after the month of sale. 9 Desired ending inventory is equal to 10% percent of the following month's sales in units 10 Budgeted raw materials purchases for June Is $50,000 for July $60,000; and for August is $70,000 11 All purchases of raw materials are on account cox of raw materials purchases are paid in the same months in the 12 month following the purchase, and 10% two months following the purchase 13 14 18 3 11 point) Compute the total required production in units for the month of July 15 16 17 18 19 20 21 8-21 point) Compute the total expected cash collections for the month of September 22 24 25 20 27 288-21 point) Compute the total cash disbursement for raw materials purchases for the month of August 29 31 32 33 34 35 LON-A7,8% point each ust ONE management policy or company information needed to complete EACH of the following 36 budgets. Note: DO NOT use any information already provided or computed above. 12 38 a. Direct labor budget 40 b. Overhead budget c. A budget d. Cashbudget Sheet1 View Home Insert Dr Page Layout Formulas Data Review Help Acrobat PROTECTED VIEW effles from the Internet can contain viruses. Unless you need to edit t'er to stay in Protected View Search Enable Editing AL ACCT 2310205007 c D E G H 27 1 K L M N 0 P O R S 288-21 point) Compute the total cash disbursement for raw materials purchases for the month of August 29 30 31 32 34 35 LON-SA 1.8 point each ust ONE management policy or company Information needed to complete EACH of the following 36 budgets. Note: DO NOT use any information already provided or computed above. a. Direct labor budget 1. Overhead budget 39 40 41 42 43 c. SGSA budget d. Cach budget 6 O1 Briefly describe how management by exception approach may lead to afetary slack 47 49 51 52 53 54 55 57 50 63 64 65 67 Sheet

Answer & Explanation Solved by verified expert

See Answer