Question 4 (2 points) Semantics manufactures pocket-size cellular phones. It expects to sell 40,000 phones in November. The company had enough materials inventory on October 31 to produce 48,000 phones and wants to maintain a materials inventory on November 30 sufficient to produce 40,000 phones. Semantics has 4,000 phones on October 31 and has a desired inventory of 5,000 phones on November 30. The phones are expected to sell for $600 each. Direct material cost is $200 per phone, direct labor cost is $100 per phone, and factory overhead is $40 per phone. 1. Determine Semantics' budgeted production for November 2. Determine Semantics' budgeted cost of goods sold for November 3. Determine Semantics' budgeted cost for DM purchases, DL, and FOH for November Question 5 (1point) Value Products has prepared the following budgets for the second half of the current year Revenue budget Materials purchases budget Labor budget F/OH budget G&A expenses budget $360,000 130,000 45,000 60,000 62,000 Selling expenses budget 13,000 FG beginning inventory budget 55,000 FG ending inventory budget 50,000 WIP beginning inventory budget 42,000 WIP ending inventory budget 33,000 Determine Value Products' budgeted Net Income for this period (Ignore taxes) Question 6 (1/2 point In what order should the following budgets be prepared B) budgeted balance sheet S) sales budget P) production budget L) direct labor budget ) budgeted income statement a. PL,I,S,B b. S,P,L,I,B c. S,PI,L,B d. S,L,PI,B