Here are the solutions to requirements 1-4, need 5-10 Here is the problem: Solut

Question

Here are the solutions to requirements 1-4, need 5-10

Here is the problem:

Solutions/ steps taken would be greatly appreciated!

X Answer 1 of 1 1.Cash collection budget Jan Feb Mar Qtr 34860 41580 40320116760 Cash sales 35% Credit sales 65% of following mnth 4600064740 77220 Total cash collection 2. Production Budget 187960 80860 106320 117540 304720 Qtr Dec Jan Feb Mar April jan Mar) 8300 9900 9600 9000 2780 Unit sales (sales/$12) Plus: Desired closing 10%of following mnth Total needed Less: Beginning stock 830 990 960 900 860 2850 9290 10860 10500 9860 30650 830 990 960 900 2780

Explanation / Answer

Note: The total cash payment for direct material for March is $58368 but has been incorrectly mentioned as $59368 in requirement 4.

5.

6.

7.

8.

Interest = ($10000 x 1% x 3) + ($3000 x 1% x 2) = $300 + $60 = $360

Per Chegg guidelines, 4 sub-parts have been answered.

Cash Payments for Direct Labor Budget For the Quarter Ended March 31 Month January February March Quarter Total cost of direct labor 3807 4442 4293 12542

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