Required informotion
The following information applies to the questions displayed below
Morganton Company makes one product and it provided the following information to help prepare the master budget:
a The budgeted selling price per unit is $ Budgeted unit sales for June. July. August, and September are and units, respectively. All sales are on credit.
b Forty percent of credit sales are collected in the month of the sale and in the following month.
c The ending finished goods inventory equals of the following month's unit sales.
d The ending raw materials inventory equals of the following month's raw materials production needs. Each unit of finished goods requires pounds of raw materials. The raw materials cost $ per pound.
e Thirty percent of raw materials purchases are paid for in the month of purchase and in the following month.
f The direct labor wage rate is $ per hour. Each unit of finished goods requires two direct laborhours.
The variable selling and administrative expense per unit sold is $ The fixed selling and administrative expense per month is $
Required:
What are the budgeted sales for July?
Budgoted sales
