it will be very helpful for me if u ans the questions:

The Uthred Company, a merchandising firm, has planned the following sales for

the next four months:

March April May June

Total budgeted Sales $50,000 $70,000 $90,000 $60,000

Sales are made 40% for cash and 60% on account. From experience, the company has

learned that a month's sales on account are collected according to the following

pattern:

Month of sale ......................................................... 70%

First month following month of sale ..................... 20%

Second month following month of sale ................. 8%

Uncollectible ......................................................... 2%

The company requires a minimum cash balance of $4,000 to start a month.

Required (15 Marks)

a) Compute the budgeted cash receipts for June.

b) Assume the following budgeted data for June:

Purchases ..................................................... $52,000

Selling and administrative expenses ........... $10,000

Depreciation ................................................ $8,000

Equipment purchases ................................... $15,000

Cash balance, beginning of June ................. $6,000

Using this data, along with your answer to part (1) above, make

a cash budget in

good form for June (June Only). Clearly show any borrowing needed during the

month. The company can borrow in any dollar amount, but will not pay any interest

until the following month.

part-1

Boris. Company prints custom training material for corporations. The business

was started January 1, 2014. The company uses a normal-costing system. It has

two direct cost pools, materials and labor, and one indirect cost pool, overhead.

Overhead is charged to printing jobs on the basis of direct labor cost. The

following information is available for 2014.

Budgeted direct labor costs ............................. $225,000

Budgeted overhead costs ..................................$315,000

Costs of actual material used .............................$148,500

Actual direct labor costs .....................................$213,500

Actual overhead costs .......................................$302,100

There were two jobs in process on December 31, 2014: Job 11 and Job 12. Costs

added to each job as of December 31 are as follows:

Direct materials Direct labor

Job 11 $4,870 $5,100

Job 12 $5,910 $6,800

Boris. Company has no finished goods inventories because all printing jobs are

transferred to cost of goods sold when completed.

Required (15 Marks)

a) Compute the overhead allocation rate.

b) Calculate the balance in ending work in process and cost of goods sold

before any adjustments for under- or overallocated overhead.

c) Calculate under- or overallocated overhead.

d) Calculate the ending balances in work in process and cost of goods sold if

the under- or overallocated overhead amount is as follows:

i. Written off to cost of goods sold

ii. Prorated using the overhead allocated in 2014 (before proration)

in the ending balances of cost of goods sold and work-in-process

control accounts

e) Which of the methods in requirement 4 would you choose? Explain.