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Question 1 of 3 > 4.4/5 Edward Lewis, Bonita & Lewis Fabricators' production manager, has just received the company's sales budget for the first quarter. January February March Quarter 21.000 30,000 32.000 83,000 Budgeted units sold Budgeted sales price Budgeted revenue $17 $17 $17 $17 $357,000 $510,000 $544,000 $1,411,000 Budgeted sales of Aprilis 35,000. Company policy requires an ending finished goods inventory each month that will meet 20% of the following month's sales volume, Edward plans to have 2.400 finished bricks at a cost of $49.280 in inventory at the beginning of the year. Prepare Bonita & Lewis's production budget for the first quarter. February March January Quarter 32000 33000 30000 31000 le Bonita & Lewis's production budget for the first quarter. January February Budgeted unit sales 21000 30000 Budgeted ending inventory 6000 6400 Total units required 27000 36400 Beginning inventory (2400) (6000) i Budgeted production 24600 30400 e Textbook and Media luction budget for the first quarter. February March Quarter 30000 32000 83000 6400 7000 19400 39000 102400 36400 (14800) (6400) (6000) 87600 32600 30400 Question 2 of 3 4.23/5 Kimberly Young, Sheffield & Matthew Fabricators' accounts receivable manager, has just received the company's sales budget for the first quarter. February January $598.000 Budgeted revenue March Quarter $910,000 $2,184,000 $676,000 The company makes all sales on credit. Kimberly recently reviewed the company's collection history and found that 72% of the sales are collected in the month of the sale, 26% of sales are collected in the month following the sale, and 2% of sales are uncollectible The company expects to have a net accounts receivable balance of $98.200 on January 1, and this amount represents the remaining receivables from December's sales. Prepare Sheffield & Matthew's cash receipts budget for the first quarter. (Enter answers in necessary fields only. Leave other fields blank. Do not enter 0.) Prepare Sheffield & Matthew's cash receipts budget for the first quarter. (Enter answers in necessary fields only. Leave other fields blank Do not enter :) Cash Receipts Budget January February March Total C December credit sales $ 0 98200 $ $ January sales 430560 155480 February sales 486720 175760 655200 March sales $ 830960 642200 528760 $ Totals Cash Receipts Budget March Total Cash Receipts Uncollectible $ 98200 $ 7553 586040 155480 175760 486720 11960 662480 13520 655200 655200 33033 $ 2001920 $ 642200 830960 GA $ X Your answer is incorrect. Marigold's Bakery makes a variety of home-style cookies for upscale restaurants in the Atlanta metropolitan area. The company's best-selling cookie is the double chocolate almond supreme. Marigold's recipe requires 60 ounces of a commercial cookie mix. 7 ounces of milk chocolate, and 2 ounces of almonds per batch of cookies. The standard direct materials costs are $1.20 per pound of cookie mix, $12.00 per pound of milk chocolate and $10.00 per pound of almonds. Each batch of cookies requires 1 minutes of direct labor in the mixing department and 4 minutes of direct labor in the baking department. The standard labor rates in those departments are $15.00 per direct labor hour (DLH) and $24.00 per DLH, respectively. Variable overhead is applied at a rate of $30.00 per fixed overhead is applied at a rate of $54,00 per DLH Calculate the standard cost for a batch of Marigold's double chocolate almond supreme cookies. (Round answer to 2 decimal places, es 3.51.) 184 85 Standard cost per batch

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