Loading...

Messages

Proposals

Stuck in your homework and missing deadline? Get urgent help in $10/Page with 24 hours deadline

Get Urgent Writing Help In Your Essays, Assignments, Homeworks, Dissertation, Thesis Or Coursework & Achieve A+ Grades.

Privacy Guaranteed - 100% Plagiarism Free Writing - Free Turnitin Report - Professional And Experienced Writers - 24/7 Online Support

Morganton company makes one product

07/11/2020 Client: arwaabdullah Deadline: 24 Hours

Morganton Company makes one product and it provided the following information to help prepare the master budget for its first four months of operation:

a. The budgeted selling price per unit is $70. Budgeted unit sales for June, July, August, and September are 8,400, 10,000, 12,000, and 13,000 unites, respectively. All sales are on credit.

b. 40% of credit sales are collected in the month of the sale and 60% in the following month.

c. The ending finished goods inventory equals 20% of the following month's unit sales.

d. The ending raw materials inventory equals 10% of the following month's raw materials production needs. Each unit of finished goods requires 5 pounds of raw materials. The raw materials cost $2.00 per pound.

e. 30% of raw materials purchases are paid for in the month of purchase and 70% in the following month.

f. The direct labor wage is $15 per hour. Each unit of finished goods requires two direct labor-hours.

g. The variable selling and administrative expense per unit sold is $1.80. The fixed selling and administrative expense per month is $60,000.

REQUIRED!

1. What are the budgeted sales for July?

2. What are the expected cash collections for July?

3. What is the accounts receivable balance at the end of July?

4. According to the production budget, how many units should be produced in July?

5. If 61,000 pounds of raw materials are needed to meet production in August, how many pounds of raw materials should be purchased in July?

6. What is the estimated cost of raw materials purchases for July?

7. If the cost of raw materials purchases in June is $88.880, what are the estimated cash disbursements for raw materials purchases in July?

8. What is the estimated accounts payable balance at the end of July?

9. What is the estimated raw materials inventory balance at the end of July?

10. What is the total estimated direct labor cost for July assuming the direct labor workforce is adjusted to match the hours required to produce the forecasted number of units produced?

11. If the company always used an estimated predetermined plantwide overhead rate of $10 per direct labor-hour, what is the estimated unit product cost?

12. What is the estimated finished goods inventory balance at the end of July?

13. What is the estimated cost of goods sold and gross margin for July?

14. What is the estimated total selling and administrative expense for July?

15. What is the estimated net operating income for July?

Homework is Completed By:

Writer Writer Name Amount Client Comments & Rating
Instant Homework Helper

ONLINE

Instant Homework Helper

$36

She helped me in last minute in a very reasonable price. She is a lifesaver, I got A+ grade in my homework, I will surely hire her again for my next assignments, Thumbs Up!

Order & Get This Solution Within 3 Hours in $25/Page

Custom Original Solution And Get A+ Grades

  • 100% Plagiarism Free
  • Proper APA/MLA/Harvard Referencing
  • Delivery in 3 Hours After Placing Order
  • Free Turnitin Report
  • Unlimited Revisions
  • Privacy Guaranteed

Order & Get This Solution Within 6 Hours in $20/Page

Custom Original Solution And Get A+ Grades

  • 100% Plagiarism Free
  • Proper APA/MLA/Harvard Referencing
  • Delivery in 6 Hours After Placing Order
  • Free Turnitin Report
  • Unlimited Revisions
  • Privacy Guaranteed

Order & Get This Solution Within 12 Hours in $15/Page

Custom Original Solution And Get A+ Grades

  • 100% Plagiarism Free
  • Proper APA/MLA/Harvard Referencing
  • Delivery in 12 Hours After Placing Order
  • Free Turnitin Report
  • Unlimited Revisions
  • Privacy Guaranteed

6 writers have sent their proposals to do this homework:

Buy Coursework Help
Essay Writing Help
Top Grade Essay
Quality Homework Helper
Writer Writer Name Offer Chat
Buy Coursework Help

ONLINE

Buy Coursework Help

Hi dear, I am ready to do your homework in a reasonable price.

$62 Chat With Writer
Essay Writing Help

ONLINE

Essay Writing Help

I am a qualified and experienced Writer, Researcher, Tutor, analyst and Consultant. I hold MBA (Strategic Management) (Finance and Marketing) & CPA.K (Accounting and Finance.)

$62 Chat With Writer
Top Grade Essay

ONLINE

Top Grade Essay

Working on this platform from a couple of time with exposure of dynamic writing skills gathered with years experience on different other websites.

$62 Chat With Writer
Quality Homework Helper

ONLINE

Quality Homework Helper

Hi dear, I am ready to do your homework in a reasonable price.

$62 Chat With Writer

Let our expert academic writers to help you in achieving a+ grades in your homework, assignment, quiz or exam.

Similar Homework Questions

187 forbes avenue tonawanda ny - Eva smith character profile - Smart response pe clickers - Discussion - Executive summary of employee satisfaction - Abu ghraib prison apush - Wyong shire council v shirt summary - The prince niccolo machiavelli pdf - N2h4 acid or base - PHYC - Ds11 - Explain the stepwise approach to asthma treatment and management - Ib chemistry atomic structure test - How to get a 30 study score in biology - Phet colorado circuit construction kit - Discussion - Advantages and disadvantages of participative management - Business and society stakeholders ethics public policy pdf - Approaches to Addressing Issues - Wogs out of work nick giannopoulos - True grit in the rink crossword - Range rule of thumb formula - What is webex meeting number - Bowling foul line sensor - American govn. discussion - Honest tea case study solution - Leadership - Marsbound mission to the red planet student guide answers - Go kart chassis material - Direct leadership vs organizational leadership army - Education and Income Inequality - Foundations of business analytics - HE005 - Define hell in a handbasket - A closed-loop theory of motor learning - Cody's martial arts clinton ma - Total fire ban gas bbq - Daikin lc 14 fault - Psychology lecture notes pdf - Theme of what you pawn i will redeem - If i wrong please correct me - Discussion - Periodization and its components - Mentor medical systems australia - What is an endorsement for scheduled medicines - Assg - 3 page paper - Specific heat capacity of thermal oil - Sade dancy where is she now - Television analysis essay - Pitot static probe equation - Ethica and Legal Aspects of Nursing Practice DQ 5 week 3 laura Rosa - What are the major differences between public and private investigations - Fiata terms and conditions - Adobe muse instructions - What does manor mean in the middle ages - 3rd ring of hell - Housing executive belfast great victoria street - Aquatec ddp 550 troubleshooting - You can grow your intelligence - Discussion response - Is-921.a test answers - Circuit diagram variable resistor - Signs of being in an abusive relationship quiz - Best restaurants in hoboken zagat - Ccna introduction to networks skills assessment student training exam - Art museum scavenger hunt worksheet - The light of the plaza engraves the time smash ultimate - Rutgers class registration schedule - Canmark research center airport survey - How do i critically evaluate something - Nitration of methyl benzoate - Essay #2 - Physics - Smart gym management system documentation - What law states that energy cannot be created or destroyed - Dental waste segregation poster - Dc latching solenoid valve - Fake plastic trees radiohead - Politics and Society - Genogram divorce - Sandusky manufacturing company statement of cost of goods manufactured - Dairy farm company singapore - A hanging george orwell analysis - Monash endnote product key - 0.2 proof stress symbol - Schneider electric vfd selection tool - Blade runner 2049 jacket - Science Experiment: Analysis - Systematic and Unsystematic Risk - Uni sa study periods - Priceline case study - History of psychiatric nursing - Research methods ib psychology - When blood sugar is too low kidshealth - Poetry analysis paragraph example - Scleroderma renal crisis wiki - X1 and x2 bus timetable lymington to bournemouth - Professionalism in healthcare makely pdf - As 1170 structural design actions