10) Unit produced to July = 29000+(31000*20%)-(29000*20%) = 29400 Units
Direct labor cost = 29400*2*15 = $882000
14) Total Selling and administrative expense = 29000*1.8+68000 = 120200
previous answers: -budgeted sales is $1,740,000 -total cash collections for July is $933,600 -required production is...
Required information The Foundational 15 (LO8-2, L08-3, LO8-4, LO8-5, L08-7, LO8-9, LO8-10) [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 $70. Budgeted unit sales for June July August, and September are 8,400, 10.000. 12.000, and 13,000 units, respectively. All sales are on credit. b. Forty percent of credit sales are collected in the month...
Required information The Foundational 15 [LO8-2, L08-3, L08-4, L08-5, LO8-7, L08-9, L08-10] [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 $70. Budgeted unit sales for June July August, and September are 8.400. 10.000. 12,000, and 13.000 units, respectively. All sales are on credit b. Forty percent of credit sales are collected in the month...
Required information The Foundational 15 [LO8-2, L08-3, LO8-4, LO8-5, LO8-7, LO8-9, LO8-10] 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 $70. Budgeted unit sales for June, July, August, and September are 8,400, 10.000, 12,000, and 13,000 units, respectively. All sales are on credit b. Forty percent of credit sales are collected in the month...
Required information The Foundational 15 [LO8-2, L08-3, LO8-4, LO8-5, LO8-7, LO8-9, LO8-10] [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 $60. Budgeted unit sales for June, July, August, and September are 9,500, 26,000, 28,000, and 29,000 units, respectively. All sales are on credit. b. Forty percent of credit sales are collected in the month...
can you fill this out? thank you! Required information The Foundational 15 [LO8-2, LO8-3, LO8-4, LO8-5, LO8-7, LO8-9, LO8-10] [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 $70. Budgeted unit sales for June, July, August, and September are 8,400, 10,000, 12,000, and 13,000 units, respectively. All sales are on credit. b. Forty percent of...
Required Information [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 $60. Budgeted unit sales for June, July, August, and September are 9,200, 23,000, 25,000, and 26,000 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....
Required information 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 $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....
Required Information (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 $60. Budgeted unit sales for June, July, August, and September are 9,200, 23,000, 25,000, and 26,000 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 Foundational 15 [LO8-2, LO8-3, LO8-4, LO8-5, LO8-7, LO8-9, LO8-10] [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 $70. Budgeted unit sales for June, July, August, and September are 8,400, 10,000, 12,000, and 13,000 units, respectively. All sales are on credit. b. Forty percent of credit sales are collected in the month of the sale and 60% in...
Required Information (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 $60. Budgeted unit sales for June, July, August, and September are 9,200, 23,000, 25.000, and 26.000 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....