. . . D O . . Budgeted unit sales 40,100 2 62,950 Selling price per unit $37.50 Accounts receivable, beginning balance $103,078 Accounts payable for raw materials, beginning balance $89,500 Direct Labor Hours per unit 0.91 Direct Labor Rate per Hour $22.66 Variable Overhead per Unit 2.26 Fixed Overhead per quarter $28,000 Variable Selling Expense per unit sold $2.17 Fixed Selling expense per quarter $30,000 Required: 3 102,350 Raw materials inventory, beginning 24,870 pounds Raw material costs $0.94 per pound Raw materials purchases are paid 76% in the quarter the purchases are made and 24% in the quarter following purchase All other expens are paid the quarter they are incurred Raw materials required to produce one unit 21 pounds Desired ending inventory of raw materials is 10% of the next quarter's production needs n 4 56,900 Sales collected in the quarter sales are made 59% Sales collected in the quarter after sales are made 41% Desired ending finished goods inventory is 30% of the budgeted unit sales of the next quarter Finished goods inventory, beginning 12,960 units a. Construct the sales budget for the current year. b. Construct the schedule of expected cash collections. c. Construct the production budget. d. Construct the raw materials purchases budget. e. Construct the direct labor budget. 1 71,900 f. Construct the manufacturing overhead budget. g. Construct the selling and administrative budget. h. Construct the schedule of expected cash payments. Navigation: 2 81,380

- Selling price per unit $3750 - Accounts recelvable, beginning balance $103,078 - Sales collected in the quarter sales are made 59% - Sales collected in the quarter after sales are made 41% - Desired ending finished goods inventory is 30% of the budgeted unit sales of the next quarter - Finished goods inventory, beginning 12,960 units - Raw materials required to produce one unit 21 pounds - Desired ending inventory of raw materials is 10% of the next quarter's production needs - Raw materials inventory, beginning 24,870 pounds - Raw material costs $0.94 per pound - Raw materials purchases are paid 76% in the quarter the purchases are made and 24% in the quarter following purchase All other expenses are paid the quarter they are incurred - Accounts payable for raw materials, beginning balance $89.500 - Direct Labor Hours per unit 0.91 - Direct Labor Rate per Hour $22.66 - Variable Overhead per Unit 2.26 - Fixed Overhad per quarter $28,000 - Variable Selling Expense per unit sold \$2.17 - Fixed Selling expense per quarter $30,000 Required: a. Construct the sales budget for the current ypar. b. Construct the schedule of expected cash collections. c. Construct the production budget. d. Construct the raw materials purchases budget. e. Construct the direct labor budget. f. Construct the manufacturing overhead budget. g. Construct the selling and administrative budget. h. Construct the schedule of expected cash payments