Save Homework: Case Study 1 Score: 2.62 of 15 pts P9-65B (book/static) 1 of 1 (1 complete) HW Score: 17.49%, 2.62 of 15 pts Question Help Conrad Manufacturing is preparing its master budget for the first quarter of the upcoming year. The following data pertain to Conrad Manufacturing's operations: (Click the icon to view the data.) (Click the icon to view additional data.) Read the requirements Conrad Manufacturing Direct Materials Budget For the Quarter Ended March 31 January 9.000 Month February March 9.830 9.230 2112 Quarter 28.060 Units to be produced Multiply by: Quantity (pounds) of DM needed per unit Quantity (pounds) needed for production Plus: Desired ending inventory of DM 18480 18000 3932 196801 3692 Total quantity (pounds) needed Less: Beginning inventory of DM Quantity (pounds) to purchase Multiply by: Cost per pound 1.50 $ 1.50 $ 1.50 $ Total cost of DM purchases Enter any number in the edit fields and then click Check Answer. 10 parts 10 remaining Clear All Check Answer Save Homework: Case Study 1 Score: 2.62 of 15 pts e P9-65B (book/static) 1 of 1 (1 complete) HW Score: 17.49%, 2.62 of 15 pts Question Help Conrad Manufacturing is preparing its master budget for the first quarter of the upcoming year. The following data pertain to Conrad Manufacturing's operations: (Click the icon to view the data.) (Click the icon to view additional data.) Read the requirements Total cash collections Requirement 2. Prepare a production budget. (Hint: Unit sales - Sales in dollars / Selling price per unit.) Conrad Manufacturing Production Budget For the Quarter Ended March 31 Month January February March 9.200 Unit sales Plus: Desired ending inventory 9.900 920 8,900 990 9.890 890 9.000 950 10.150 Quarter 28.000 950 28.950 Total needed 10.820 Less: Beginning inventory 990 920 890 0.830 9.230 28.060 Units to produce Requirement 3. Prepare a direct materials budget. (Round your answers to the nearest whole dollar.) Enter any number in the edit fields and then click Check Answer. 10 parts I remaining Clear All Check Answer Homework: Case Study 1 Save Score: 2.62 of 15 pts 1 of 1 (1 complete) HW Score: 17.49%, 2.62 of 15 pts WP9-65B (book/static) Question Help Conrad Manufacturing is preparing its master budget for the first quarter of the upcoming year. The following data pertain to Conrad Manufacturing's operations: :: (Click the icon to view the data.) (Click the icon to view additional data.) Read the requirements. Requirement 1. Prepare a schedule of cash collections for January, February, and March, and for the quarter in total. Conrad Manufacturing Cash Collections Budget For the Quarter Ended March 31 Month Cash sales Credits sales January February $ 24,030 $ 26,730 $ 53.200 56.070 $ 77.230 S 82.800 $ March Quarter 24.840 $ 75,600 62.370 171.840 87.210 S 247.240 Total cash collections Requirement 2. Prepare a production budget. (Hint: Unit sales - Sales in dollars / Selling price per unit.) Conrad Manufacturing Production Budget For the Quarter Endon March 31 Enter any number in the edit fields and then click Check Answer. 10 parts IU remaining Clear All Check Answer P9-65B (book/static) Question Help i More Info - X Conrad Manufacturing is preparing its mau (Click the icon to view the data.) Read the requirements a. Actual sales in December were $76.000. Selling price per unit is projected to remain stable at S9 per unit throughout the budget period. Sales for the first five months of the upcoming year are budgeted to be as follows: Requirement 1. Prepare a schedule of a Conrad Ma Cash Collec For the Quarter January .. .......$ February ........$ March .......$ April............ $ 80,100 89,100 82,800 85,500 77.400 May ............$ January Cash sales $ Credits sales 24.030 53.200 77,230 $ Total cash collections b. Sales are 30% cash and 70% credit. All credit sales are collected in the month following the sale. c. Conrad Manufacturing has a policy that states that each month's ending inventory of finished goods should be 10% of the following month's sales (in units). d. Of each month's direct material purchases, 2096 are paid for in the month of purchase, while the remainder is paid for in the month following purchase. Two pounds of direct material is needed per unit at $1.50 per pound. Ending inventory of direct materials should be 20% of next month's production needs. e. Most of the labor at the manufacturing facility is indirect, but there is some direct labor incurred. The direct labor hours per unit is 0.03. The direct labor rate per hour is $13 per hour. All direct labor is paid for in the month in which the work is performed. The direct labor total cost for each of the upcoming three months is as follows: Requirement 2. Prepare a production buc Conrad Prody For the Qual January .........$ February ........ $ 3,510 3.834 Enter any number in the edit fields and Print Done 10 remaining 10 parts Check