mpsewconnect.mheducation Help Save&Exit; omework Check my The following informat

Question

mpsewconnect.mheducation Help Save&Exit; omework Check my The following information applies to the questions disployed below Morganton Company makes one product and it provided the following information to helo prepare the master budget a. The budgered selling price per unit is $70.Budgeted unit sales for June, July, August and September are 8.400 10,000. 12.000, and 13.000 units, respectively All sales are on credit b Forty percent of credit sales are collected n the month of the sale and 60% in the flowing month e The ending finished goodsinventory equois 20% of the folowing months unit sales d. The ending raw materials memory equals 10% of the following month s row materals production needs. Each unit of ls cost $2.00 per pound finished goods requires 5 pounds of reww merenisls The raw materia e. Thirty percent of raw materials purchases ere paid for in the month of pure 1. The direct obor wage rate is $15 per hour Eoch unit of finished goods requires t 9 The veriable selling and admministretive expense per unit sold is $1.80. The fixed selling and administrative expense per hase and 70% ite following month. two direct labor-hours month is $60 000 10. What is the total essimated direct labor cost for July assuming the direct labor work-force is adjusted to mesch teired no produce the forecosted number of unts produced? 0 124 Next >

Explanation / Answer

10 Required production in July=10000+(12000*20%)-(10000*20%)= 10400 Total direct labor cost=10400*2*15= $312000

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