In October you forecast sales to be 26,000 units and production to be 25,000 units. Each...

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In October you forecast sales to be 26,000 units and production to be 25,000 units. Each unit requires 6 hours of direct labor hours. Your company pays its employees $22/hour, you base overhead on machine hours and each unit requires 3 hours of machine time at a cost of $4/hour of which $0.25 is depreciation. What amount will you pay your employees for direct labor cost in total dollars (not per unit) for the month of October assuming you pay the employees as they earn their money? (In other words, there is no time time delay between their working and you paying them, if they work 200 hours in October, you pay them for 200 hours on October 31st) Question 6 You anticipate purchasing 180,000 pounds of material in June and 150,000 pounds in July, each pound cost $8. In the past you usually pay for 70% of purchases in the month purchased and 30% the next month. How much is your cash payments in July? Question 7 1.5 pts 1 pts Using the same information in the previous question (You anticipate purchasing 180,000 pounds of material in June and 150,000 pounds in July, each pound cost $6. In the past you usually pay for 70% of purchases in the month purchased and 30% the next month), what is your balance of Accounts Payable as of July 31st? In October you forecast sales to be 26,000 units and production to be 25,000 units. Each unit requires 6 hours of direct labor hours. Your company pays its employees $22/hour, you base overhead on machine hours and each unit requires 3 hours of machine time at a cost of $4/hour of which $0.25 is depreciation. What amount will you pay your employees for direct labor cost in total dollars (not per unit) for the month of October assuming you pay the employees as they earn their money? (In other words, there is no time time delay between their working and you paying them, if they work 200 hours in October, you pay them for 200 hours on October 31st) Question 6 You anticipate purchasing 180,000 pounds of material in June and 150,000 pounds in July, each pound cost $8. In the past you usually pay for 70% of purchases in the month purchased and 30% the next month. How much is your cash payments in July? Question 7 1.5 pts 1 pts Using the same information in the previous question (You anticipate purchasing 180,000 pounds of material in June and 150,000 pounds in July, each pound cost $6. In the past you usually pay for 70% of purchases in the month purchased and 30% the next month), what is your balance of Accounts Payable as of July 31st?

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Question 6 To calculate the cash payments in July we need to determine the amount of material purcha... View the full answer