Question: Check my work moce : inis shows whtt is correct or incorrect for the work you hove completed so far, It does not i 1

Check my work moce : inis shows whtt is correct or incorrect for the work you hove completed so far, It does not i
1
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Morganton Company makes one product and it provided the following information to help prepare the master budget:
a. The budgeted selling price per unit is $65. Budgeted unit sales for June, July, August, and September are 8,400.15,000,17,000, and 18,000 units, respectively. All soles are on credit.
b. Thirty percent of credit sales are collected in the month of the sale and 70% in the following month.
c. The ending finished goods inventory equals 30% of the following month's unit sales.
d. The ending raw materials inventory equals 20% of the following month's raw materials production needs. Each unit of finished goods requires 5 pounds of row materials. The raw materials cost $2.50 per pound.
e. Thirty percent of raw materials purchases are paid for in the month of purchase and 70% in the following month.
f The direct labor wage rate is $12 per hour. Each unit of finished goods requires two direct labor-hours.
9. The variable selling and administrative expense per unit sold is $160. The fixed selling and administrative expense per month is $65,000.
7. in July what are the total estimated cash disbursements for raw materials purchases? Assume the cost of raw material purchases in June is $142,800; and 86,500 pounds of raw materials are needed to meet production in August.
Answer is complete but not entirely correct.
Total cash disbursernents
158,798
Check my work moce : inis shows whtt is correct

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