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
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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 $ Budgeted unit sales for June, July, August, and September are and units, respectively. All soles are on credit.
b Thirty percent of credit sales are collected in the month of the sale and in the following month.
c The ending finished goods inventory equals of the following month's unit sales.
d The ending raw materials inventory equals of the following month's raw materials production needs. Each unit of finished goods requires pounds of row materials. The raw materials cost $ per pound.
e Thirty percent of raw materials purchases are paid for in the month of purchase and in the following month.
f The direct labor wage rate is $ per hour. Each unit of finished goods requires two direct laborhours.
The variable selling and administrative expense per unit sold is $ The fixed selling and administrative expense per month is $
in July what are the total estimated cash disbursements for raw materials purchases? Assume the cost of raw material purchases in June is $; and pounds of raw materials are needed to meet production in August.
Answer is complete but not entirely correct.
Total cash disbursernents
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