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The management of MacSolutions, Inc, prepared the following estimutcd belance shoet for hane 2021: To prepare a master budgat for July, Aupust, and Soptenker of 2021, manogencai prems the following information. a. Sales were 20,000 units in June. Forocanted sales in unite ane as followe July, 2,000: Angeat, 17,000, Septeraber, 19,000: and October 24,000 . The product's selling price is $17 per unit and its total prodest cost is 514.35 per unit, The June 30 finiahed goods inventory is 16,800 anits, which dow not conply with the policy. The June 30 rew materials inventory is 4,375 units (which alse fails is most the policy). The bedpond Soptember 30 raw materials is 1,980 units. Raw matorials cos 58 por enit. Each finished ait requiros 0.50 mits of rrw matrialk. d. Each finiahed unit requires 0.50 hours of direct labor at a nite of $16 per hour. c. Overhead is allocated based on direct labor boun. The prodeterminad variable overhead nate is 192.70 par direct laber hour: Depreciation of 520,000 per noonth is treated as fixed facticy everhead. 8. Sales representatives' consmissions are 10% of sales and are paid in the month of tee sales. The neles managar's monchly salary is 53,300. following the sale (none are collostod in the month of the salk). i. All raw materials purchases are con credit, and no pryables arise from any ether tratcacticen One mosth's raw materials purchases are fully paid in the next month. j. Dividends of 520,600 are to be declared and paid in Aurruat. j. Inowme taxes payable at June 30 will be paid in July: Inoome tux expense will be asseved at 35% in the quarter and paid in Octaber: k. Equipenent purchases of 5100,000 are budpoted for the last dey ef September. reach the minimum. Short-term notes require an interest pryment of 15 at each moed-end (before and repoyment). If the Required the third calendar quarter, except as otherwise aoted below. Round ealsulations to the acureat whole dethe 1. Sales budpet. 7. General and adminidtrative expense bulgot. 2. Productioa bredget. 8. Caih busest. 3. Raw materials budget. 4. Direct labor budget. 5. Factory overhead budget. 6. Selling expense budgat. The management of MacSolutions, Inc, prepared the following estimutcd belance shoet for hane 2021: To prepare a master budgat for July, Aupust, and Soptenker of 2021, manogencai prems the following information. a. Sales were 20,000 units in June. Forocanted sales in unite ane as followe July, 2,000: Angeat, 17,000, Septeraber, 19,000: and October 24,000 . The product's selling price is $17 per unit and its total prodest cost is 514.35 per unit, The June 30 finiahed goods inventory is 16,800 anits, which dow not conply with the policy. The June 30 rew materials inventory is 4,375 units (which alse fails is most the policy). The bedpond Soptember 30 raw materials is 1,980 units. Raw matorials cos 58 por enit. Each finished ait requiros 0.50 mits of rrw matrialk. d. Each finiahed unit requires 0.50 hours of direct labor at a nite of $16 per hour. c. Overhead is allocated based on direct labor boun. The prodeterminad variable overhead nate is 192.70 par direct laber hour: Depreciation of 520,000 per noonth is treated as fixed facticy everhead. 8. Sales representatives' consmissions are 10% of sales and are paid in the month of tee sales. The neles managar's monchly salary is 53,300. following the sale (none are collostod in the month of the salk). i. All raw materials purchases are con credit, and no pryables arise from any ether tratcacticen One mosth's raw materials purchases are fully paid in the next month. j. Dividends of 520,600 are to be declared and paid in Aurruat. j. Inowme taxes payable at June 30 will be paid in July: Inoome tux expense will be asseved at 35% in the quarter and paid in Octaber: k. Equipenent purchases of 5100,000 are budpoted for the last dey ef September. reach the minimum. Short-term notes require an interest pryment of 15 at each moed-end (before and repoyment). If the Required the third calendar quarter, except as otherwise aoted below. Round ealsulations to the acureat whole dethe 1. Sales budpet. 7. General and adminidtrative expense bulgot. 2. Productioa bredget. 8. Caih busest. 3. Raw materials budget. 4. Direct labor budget. 5. Factory overhead budget. 6. Selling expense budgat

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