myMDC | Miami Dade College Do Homework- JORGE CASTRO ACG2071 REF 11366 THURSDAY

Question

myMDC | Miami Dade College Do Homework- JORGE CASTRO ACG2071 REF 11366 THURSDAY JORGE CASTRO 11/15/17 12:57 PM Homework: Chapter 11 Lab Save Score: 0.13 of 1 pt 1 of 1 (1 complete) Hw Score: 12.57%, 0.13 of 1 pt P9-60B (similar to) EQuestion Help Derry Manufacturing is preparing its master budget for the first quarter of the upcoming year. The following data pertain to Derry Manufacturing's operations 0 (Click the icon to view additional data.) (Click the icon to view the data ) Read the requirements Requirement 3. Prepare a direct materials budget. (Round your answers to the nearest whole dollar.) Derry Manufacturing Direct Materials Budget Month January February March Quartr 18,000 Units to be produced Multiply by: Quantity (pounds) of DM needed per unit Quantity (pounds) needed for production Plus: Desired ending inventory of DM Enter any number in the edit fields and then click Check Answer Clear All parts 10 remaining

Explanation / Answer

Answer for question no.a:

Schedule of cash collections:

Answer for question no.b:

Production budget is as follows:

Answer for question no.c:

Purchases budget of raw materials is as follows:

Answer for question no.d:

Cash payments budget for purchases.

Particulars January February March Total Sales(1) 80100 89100 82800 252000 Cash sales(2)=(1)*30% 24030 26730 24840 75600 Credit sales(3)=(1)*70% 56070 62370 57960 176400 Collected in next month(4) 46000 56070 62370 164440 Total cash collections(5)=(2)+(4) 70030 82800 87210 240040

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