General, Inc. has prepared the following direct materials purchases budget: Month Budgeted DM Purchases June $69,000 July 77,500 August 76,900 September 77,800 October 76,800
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- Prepare a cost of goods sold budget for the Crest Hills Manufacturing Co. for the year ended December 31, 2016, from the following estimates. Inventories of production units: Direct materials purchased during the year, 854,000; beginning inventory of direct materials, 31,000; and ending inventory of direct materials, 26,000. Totals from other budgets included:Rawlings Company prepared the following budget information for the coming year: Product A Product B Product C Sales $5,714 $1,000,000 $177,777 Variable exp. 25.714 800.000 97.777 Contrib. mar. S60.000 $200.000 S80.000 Fixed exp. Net income The budget assumes the sale of 20,000 units of A, 100,000 units of B, and 80,000 units of C. Fixed Expenses for the company are $255,000. What is the company's combined contribution margin ratio rounded to two decimal places. O 0.21 O 0.27 0.23 0.36Zisk Company purchases direct materials on credit. Budgeted purchases are April, $81,000; May, $111,000; and June, $121,000. Cash payments for purchases are: 75% in the month of purchase and 25% in the first month after purchase. Purchases for March are $71,000. Prepare a schedule of cash payments for direct materials for April, May, and June. ZISK COMPANY Schedule of Cash Payments for Direct Materials April May Materials purchases Cash payments for: Total cash payments June
- Need answerZisk Company purchases direct materials on credit. Budgeted purchases are April, $89,000; May, $119,000; and June, $129,000. Cash payments for purchases are: 70% in the month of purchase and 30% in the first month after purchase. Purchases for March are $79,000. Prepare a schedule of cash payments for direct materials for April, May, and June.sa
- Fedor, Inc. has prepared the following direct materials purchases budget: Budgeted DM Purchases $69.000 77,000 78,700 77,800 76,200 All purchases are paid for as follows: 40% in the month of purchase, 50% in the following month, and 10% two months after purchase. Calculate total budgeted cash payments made in October for purchases. Month June July August September October OA. $77,250 OB. $46,770 OC. $38,350 O D. $69,380Lough Company prepared the following purchases budget: June $40,000 July $43,000 August $39,000 September $46,000 October $49,100 All purchases are paid for as follows: 20% two months after purchase, 55% in the following month, and 25% in the month of purchase. What are the cash disbursements in October to account for the September purchases at Lough Company?Provide answer
- Ronstadt Limited’s budget for the four months from January to April includes the following data:1. MonthSalesMaterialsWagesOverheads $000$000$000$000January615115.030360February636120.033390March690135.036420April684130.040425 2. One-third of sales revenue is received one month after sale and the remainder is received two months after sale. The sales in the previous two months were: November $600 000; December $540 000.3. One-quarter of purchases of materials are paid for in the month of purchase. The remainder are paid for two months later. Purchases in the previous two months were: November $108 000; December $106 000.4. Two-thirds of the wages are paid in the month in which they are earned, and the balance is paid in the following month. The wages for the previous December amounted to $30 000.5. One-half of the overhead expenditure is paid in the month in which it is incurred, and the balance is paid in the following month. The overheads for the previous December were $380 000.6.…For 20Y8, Raphael Frame Company prepared the sales budget that follows. At the end of December 20Y8, the following unit sales data were reported for the year: Unit Sales 8" x 10" Frame 12" x 16" Frame East 30,660 14,522 Central 8,137 4,606 West 7,081 3,672 - Raphael Frame Co.Sales BudgetFor the Year Ending December 31, 20Y8 Product and Area Unit Sales Volume Unit Sales Price Total Sales 8" x 10" Frame: East 29,200 $26 $759,200 Central 7,900 26 205,400 West 7,300 26 189,800 Total 44,400 $1,154,400 12" x 16" Frame East 13,700 $27 $369,900 Central 4,700 27 126,900 West 3,600 27 97,200 Total 22,000 $594,000 Total Revenue from sales $1,748,800 For the year ending December 31, 20Y9, unit sales are expected to follow the patterns established during the year ending December 31, 20Y8. The unit selling price for the 8"x10" frame is…Fortune Company's direct materials budget shows the following cost of materials to be purchased for the coming three months: February $ 14,930 January March Material purchases $ 12,820 $ 11,750 Payments for purchases are expected to be made 50% in the month of purchase and 50% in the month following purchase. The December Accounts Payable balance is $7,300. The expected January 31 Accounts Payable balance is: Multiple Choice $7,465. $10,060. $7,300. $12,820.
