Hesterman Corporation makes one product and has provided the following information to help prepare the...
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Accounting
Hesterman Corporation makes one product and has provided the following information to help prepare the master budget for the next four months of operations Budgeted selling price per unit $ 118 Budgeted unit sales (all on credit): April May June July 7,800 9,400 14,000 12,100 Raw materials requirement per unit of outpat 3 pounds Raw materials cost $ 3.00 per pound Direct labor requirement per unit of output 2.8 direct labor-hours Direct labor wage rate $ 25.00 per direct labor-hour Credit sales are collected 40% in the month of the sale 60% In the following month The ending finished goods inventory should equal 40% of the following month's sales. The ending raw materials inventory should equal 20% of the following month's raw materials production needs The estimated direct labor cost for May in closest to Multiple Choice Multiple Choice O $786,800 O $31,472 $534,000 O $281,000
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