Maurice Tutor

(5)

$15/per page/Negotiable

About Maurice Tutor

Levels Tought:
Elementary,Middle School,High School,College,University,PHD

Expertise:
Algebra,Applied Sciences See all
Algebra,Applied Sciences,Biology,Calculus,Chemistry,Economics,English,Essay writing,Geography,Geology,Health & Medical,Physics,Science Hide all
Teaching Since: May 2017
Last Sign in: 402 Weeks Ago, 2 Days Ago
Questions Answered: 66690
Tutorials Posted: 66688

Education

  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

Experience

  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 30 Jul 2017 My Price 11.00

Morganton Company

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

a.

The budgeted selling price per unit is $60. Budgeted unit sales for June, July, August, and September are 8,600, 17,000, 19,000, and 20,000 units, respectively. All sales are on credit.
b.

Thirty percent of credit sales are collected in the month of the sale and 70% in the following month.
c. The ending finished goods inventory equals 25% 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 $2.40 per pound.
e.

Thirty five percent of raw materials purchases are paid for in the month of purchase and 65% in the following month.
f.

The direct labor wage rate is $14 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 $67,000.
  What are the budgeted sales for July?
  What are the expected cash collections for July?
  What is the accounts receivable balance at the end of July?
According to the production budget, how many units should be produced in July?

If 96,250 pounds of raw materials are needed to meet production in August, how many pounds of raw materials should be purchased in July?

 

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

If the cost of raw material purchases in June is $136,560, what are the estimated cash disbursements for raw materials purchases in July?

 

Answers

Maurice Tutor
(5)
Status NEW Posted 30 Jul 2017 10:07 PM My Price 11.00

Hel-----------lo -----------Sir-----------/Ma-----------dam-----------Tha-----------nk -----------You----------- fo-----------r u-----------sin-----------g o-----------ur -----------web-----------sit-----------e a-----------nd -----------acq-----------uis-----------iti-----------on -----------of -----------my -----------sol-----------uti-----------on.-----------Ple-----------ase----------- pi-----------ng -----------me -----------on -----------cha-----------t I----------- am----------- on-----------lin-----------e o-----------r i-----------nbo-----------x m-----------e a----------- me-----------ssa-----------ge -----------I w-----------ill----------- be----------- ca-----------tch-----------

Not Rated(0)
Relevent Questions