1.Forrest Corporation forecast purchases on account at $210,000 in June, $270,000 in July, $320,000 in August, and $390,000 in September. Seventy percent of purchases are paid in the month of purchase, the remaining thirty percent are paid in the following month. What are the budgeted cash payments for July?

2. All of the budgeted overhead for Company XYZ are shown below, except for the budgeted fixed overhead. Use the following information to calculate the fixed overhead cost.

	1st quarter	2nd trimester
Budgeted production units	7,000	7,500
Budgeted Variable Overhead Costs	$15,000	$18,750
Budgeted Fixed Overhead Costs	?	?
Budgeted depreciation included in total overhead	$3,000	$3,000
Budgeted cash outlays for total overhead	20,000	23,750

If the contribution margin is $1,000 and the contribution percentage is 25%. What is the sale price?

3. Use the information below to answer the question below.

Budgeted production (units)	9,000	10,000	8,500
Labor requirements per unit (hours)	1.5	1.5	1.5
Total labor hours required	13,500	15,000	12,750
Total labor dollars	60,750	72,000	61,200

Calculate Labor rate per hour

Answer rating: 100% (QA)

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