Chapter 1, Problem 12.1EC

Please provide problem with accounting question

Redwood Manufacturing produces industrial fans. The standard for a particular cooling fan calls for 8 direct labor hours at $25 per direct labor hour. During a recent period, 300 cooling fans were made. The labor rate variance was zero, and the labor efficiency variance was $6,000 unfavorable. How many actual direct labor hours were worked?

Healthy Food is a medium-sized distributor of organic food. The company is preparing a cash budget for the third quarter of 20X4. Budgeted operating data are as follows 0% of sales revenues are collected in the same month, and the remaining 30% are collected the following month. The cost of goods sold is estimated to be 40% of sales. The company purchases its merchandise in the same month of sales. All purchases are on account and will be settled the following month. Other operating expenses are estimated to be 30% of sales revenue. 20% of these operating expenses are depreciation expenses, and the remaining 80% are paid in cash when incurred. The company has a bank loan of $50,000 with an annual interest rate of 12%. Interest is paid quarterly at the end of each quarter. On 1 July 20X4, the cash balance is $13,000.   Question: Present a cash budget for the quarter from July to September, showing budgets for each month and the quarter. Question. If the company can repay part of its…