Units\', chapter? Assic m Thread: Unit 5A ezto.mheducation.com/hm.tpx?-0.8643966

Question

Units', chapter? Assic m Thread: Unit 5A ezto.mheducation.com/hm.tpx?-0.8643966206401502 1523227112092 O PostUniversity Hore-BankMobile, UtPro M, Gmail w Equitax portal ? Power M litein?office email e Orders WiteMipa, ,capital One Required Information The ollowing information apples to he questons displayed bewow Morganton Compony makes one product and t provided the following information to heip 14s 10.00 points 14. What is the estimated total selling and administrative expense for July2 prepare the master budget for its nrst four months of operations a. The budgeted selling price per unit is s70 Budgeted unit sales for June. July, August, and September are 9,100, 22.000, 24,000, and 25,000 units, respectvely All sales ere on credt b Forty percent of credit sales are collected in the month of the soe and 60% in the eBook & Resources following month C. The ending finished goods inventory equals 20% of the following month's unit sales d. The ending raw materials inventory equals 10% or the following month's raw materials eBook Prepare a budgeted income statement production needs Esch unit of finished goods requires 4 pounds of raw matenals. The rew materlos cost $2 50 per pound cash disbursement e Forty percent of raw materials purchases are paid for in the month of purchase and 60% in the following month The direct labor wage rate is $12 per hour Each unit of finished goods requres two direct labor hours 9 The varilable seling and administretive expense per unit soid is $1.20. The fwed selling and adminstrative expense per month is $61,000 7:37 PM

Explanation / Answer

Estimated Selling and administrative Expenses are $ 1.70 per units Selling units of July (A)=                            22,000 Units Selling and administrative Expeses per unit (B)= $                            1.70 Total = $                 37,400.00 Answer = Selling and administrative Expenses for the month of July = $                 37,400.00

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