Question

Please help with part 4-9. I will highly apprecite it.

The Business Situation Concrete Helmet Company is a newly formed company that manufactures bicycle helmets. The company began operations January 1, 2020. Its accountant quit the second week of operations, and the company is searching for a replacement. The company has decided to test the knowledge and ability of all candidates interviewing for the position Each candidate will be provided with the information below and then asked to prepare a series of reports, schedules, and budgets based on the information The information provided to each candidate is as follows: Cost Items and Account Balances Administrative salaries.............................$10.500 10.500.00 Advertising for helmet......... $11,000 11 000 00 Cash January 1.... Depresia lon on factory building................. $1.500 1,500.00 Depreciation on office equipment......... Seno 800.00 Insurance on factory building......................$1.200 1.200,00 Miscellaneous expenses-factory................. 5500 500.00 Office supplies expense... . . .$300 300.00 Professional fees......... ...SCOO 800.00 Property taxes on factory building..................$400 400.00 Raw Materials used in production, .$60.000 60.000,00 Renton production equipment.........................35,000 5.000.00 Research & Development..........................$10,000 10.000.00 Sales commissions (10% of sales)............ $32,000 32.000.00 Utility costs-factory................................ $900 900.00 Wages - Factory direct labor....................... $87500 87.500.00 Work in process. January 1............................. $0 Work in process, January 31...................... Raw materials inventory, January 1.............$0 Raw materials inventory, January 31.... .. 12.000 12.000.00 Raw materials purchases. ........372 000 72.000.00 Finished goods inventory, January 1.............50 Production and Sales Data Number of halmats produced Expected sales in units for January Expected sales in units for February Desired ending inventory Direct materials needed per 1 finished unit Direct materials cost Desired direct materials inventory Direct labor hours per unit Direct labor hourly rate 10.000 8.000 540 Unit sel price $40 Undset 10.000 20% of next month's sales 1 Kilogram $6 per klogram 20% of next months' production 0.35 hour $25 per hour Cash Flow Data Cash collection from customers. 70% in month of sale and 30% the following month Cash payments to suppliers: 75% in month of purchase and 25% the following month Income tax rate: 36% Manufacturing overhead and selling and administratve costs are paid as incurred. Desired ending cash balance: 20,000 (financing is necessary if cash balance alls below the $20.000 minimum)