The budgeted selling price per unit is $60. Budgeted unit sales for June, July, August, and September are 8,000, 11,000, 13,000, and 14,000 units, respectively. All sales are on credit. Thirty percent of credit sales are collected in the month of the sale and 70% in the following month. The ending finished goods inventory equals 25% of the following month’s unit sales. The ending raw materials inventory equals 10% of the following month’s raw materials production needs. Each unit of finished goods requires 5 pounds of raw materials. The raw materials cost $2.20 per pound. Twenty percent of raw materials purchases are paid for in the month of purchase and 80% in the following month. The direct labor wage rate is $12 per hour. Each unit of finished goods requires two direct labor-hours. The variable selling and administrative expense per unit sold is $1.20. The fixed selling and administrative expense per month is $61,000.

5. If 66,250 pounds of raw materials are needed to meet production in August, how many pounds of raw materials should be purchased in July?
6. If 66,250 pounds of raw materials are needed to meet production in August, what is the estimated cost of raw materials purchases for July?
7. In July what are the total estimated cash disbursements for raw materials purchases? Assume the cost of raw material purchases in June is $99,275; and 66,250 pounds of raw materials are needed to meet production in August.
8. If 66,250 pounds of raw materials are needed to meet production in August, what is the estimated accounts payable balance at the end of July?
9. If 66,250 pounds of raw materials are needed to meet production in August, what is the estimated raw materials inventory balance at the end of July?
10. What is the total estimated direct labor cost for July?
11. If we assume that there is no fixed manufacturing overhead and the variable manufacturing overhead is $7 per direct labor-hour, what is the estimated unit product cost? (Round your answer to 2 decimal places.)
12. If we assume that there is no fixed manufacturing overhead and the variable manufacturing overhead is $7 per direct labor-hour, what is the estimated finished goods inventory balance at the end of July?
13. If we assume that there is no fixed manufacturing overhead and the variable manufacturing overhead is $7 per direct labor-hour, what is the estimated cost of goods sold and gross margin for July?
14.What is the estimated total selling and administrative expense for July?
15. If we assume that there is no fixed manufacturing overhead and the variable manufacturing overhead is $7 per direct labor-hour, what is the estimated net operating income for July?

5. If 66,250 pounds of raw materials are needed to meet production in August, the pounds of raw materials purchased in July is 58,375 pounds.

6. If 66,250 pounds of raw materials are needed to meet production in August, the estimated cost of raw materials purchases for July is $128,425.

7. In July, the total estimated cash disbursements for raw materials purchases is $105,105.

8. If 66,250 pounds of raw materials are needed to meet production in August, the estimated accounts payable balance at the end of July is $102,740 ($128,425 x 80%).

9. If 66,250 pounds of raw materials are needed to meet production in August, the estimated raw materials inventory balance at the end of July is 6,625 pounds.

10. The total estimated direct labor cost for July is $276,000.

11. If we assume that there is no fixed manufacturing overhead and the variable manufacturing overhead is $7 per direct labor hour, the estimated unit product cost? (Round your answer to 2 decimal places.)

Cost of raw materials per unit = $11 (5 x $2.20)

The estimated unit product cost under the above scenario is $18 ($11 +$7).

12. If we assume that there is no fixed manufacturing overhead and the variable manufacturing overhead is $7 per direct labor hour, the estimated finished goods inventory balance at the end of July is $58,500 (3,250 x $18).

13. If we assume that there is no fixed manufacturing overhead and the variable manufacturing overhead is $7 per direct labor hour, the estimated cost of goods sold and gross margin for July are as follows:

Estimated cost of goods sold = $198,000 (11,000 x $18)

Gross margin = $462,000 ($660,000 - $198,000)

14. The estimated total selling and administrative expense for July is $74,200 ($13,200 + $61,000).

15. If we assume that there is no fixed manufacturing overhead and the variable manufacturing overhead is $7 per direct labor hour, the estimated net operating income for July is $387,800 ($462,000 - $74,200).

Budgeted selling price per unit = $60

                                                    June          July           August   September

Budgeted unit sales                 8,000          11,000          13,000         14,000

Budgeted sales revenue  $480,000    $660,000    $780,000    $840,000

30% month of sale            $144,000   $198,000       $234,000   $252,000

70% following month                             336,000        462,000      546,000

                                                    June          July           August   September

Budgeted unit sales                 8,000          11,000          13,000         14,000

Ending inventory (25%)            2,750          3,250            3,500

Units available for sale           10,750         14,250          16,500

Beginning inventory                2,000          2,750            3,250          3,500

Production units                      8,750          11,500           13,250

                                                       June            July           August  

Production units                            8,750         11,500         13,250

Materials requirements              43,750        57,500       66,250 (13,250x5)

Ending inventory                          5,750          6,625

Production materials available 49,500         64,125

Beginning inventory                    4,375           5,750         6,625

Purchase of materials               45,125         58,375

Purchase costs                      $99,275     $128,425

20%, month of purchase     $19,855        $25,685

80% following month                                $79,420

Cash disbursements                              $105,105

                                                       June            July           August  

Production units                            8,750          11,500          13,250

Direct labor-hours required        17,500        23,000         26,500

Direct labor costs ($12/hr.)     $210,000   $276,000     $318,000

Budgeted unit sales                     8,000          11,000         13,000

Variable selling and

 administrative expense          $9,600       $13,200       $15,600

Fixed selling and admin. exp.   61,000         61,000         61,000

Learn more about preparing budgets at https://brainly.com/question/17137887

what is micro environment​

What are the similarity and common characteristics of regulation, rule and policy?

Rachael works in a matrix organization, and although she found it confusing at first, she has seen the inherent opportunities. Instead of being promoted from biology head to research head, Rachael prefers a project career, with opportunities to serve in increasingly responsible and diverse project manager/project director positions. Fortunately, one of the strengths of a matrix organization is

All of the following statements regarding “barter” are true EXCEPT:

It is efficient in terms of resources used.


Its widespread use is limited.


It is an exchange system where goods trade for goods.


Since it requires you to find someone willing to trade, it can be time consuming

The Sealing Company has 1,500 bonds outstanding that are selling for $1,060 each. The company also has 5,000 shares of preferred stock at a market price of $32 each. The common stock is priced at $26 a share and there are 36,000 shares outstanding. What is the weight of the common stock as it relates to the firm's weighted average cost of capital?

A company that deals in breakfast cereals advertises that its products contain all the essential nutrients necessary for the proper growth and development of children. This is an example of:

If profits are negative in a monopolistically competitive market, then: the industry will stop production. new firms will enter the market until economic profits are zero. firms will exit the market until economic profit returns to the optimal positive level. firms will exit the market until economic profit returns to zero

Roger is engaging in HR planning. He is trying to predict what human resources will be needed in the coming year in his organization. Roger is engaged in Multiple Choice forecasting. goal setting. program implementation. program evaluation. performance evaluation.

what is value laden exchange?​

For the past year, Hawkeye, Inc., had a cost of goods sold of $60,382. At the end of the year, the accounts payable balance was $13,489. How long on average did it take the company to pay off its suppliers during the year? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

1
Which tax is levied only by state and local governments?
O A. payroll tax
O B.
excise tax
O C. property tax
OD.
income tax

how do we affect the economy?

The charge by one department to another for goods and services delivered to the department is called what?​

What Type Of Packaging Are Cardboard Mailer Boxes In the USA?

Q1: In about 200 words, write an essay analyzing the below case study using the SWOT framework.
• Students are required to define each key concept (SWOT) and to identify 4 strengths, 4 weaknesses, 2 opportunity, and 2 threats. Then to write an analytical text for the case study. Then to write an analytical essay for the case study. (60%)


Nike’s Goddess
Could a famously masculine company finally click with female customers? That was the challenge behind Nike Goddess, whose goal was to change how the company designed for, sold, and communicated with women.
In its 30-year history, Nike had become the undisputed leader in sports marketing. But beneath the success was an Achilles’ heel. Nike is named after a woman – the Greek goddess of victory – but for most of its history, the company had been perceived as being mostly about men. Could Nike do more to realize the full potential of female customers? And how could it afford not to, given the threats to its future with Air Jordan running out of air and brands like Skechers digging into the teen market with shoes inspired by skateboarding, not basketball. That was the huge question at Nike HQ. The launch of Nike Goddess was the makings of an answer.
Just Doing It Differently
For much of its history, Nike’s destiny was controlled by its founders, Phil Knight and his running buddies, who signed up athletes in locker rooms and made the executive decisions. But by throwing together a diverse team of people with different backgrounds and different levels of seniority, Nike has found that it can keep many of its core attributes while adding new sources of inspiration. Take the combination of star designer John Hoke and newcomer Mindy Grossman, vice president of global apparel. Hoke designed the look and feel of the first Nike Goddess store. Then Grossman, whose career has included helping make Ralph Lauren into a retail icon, pitched1 the design ideas to Nike’s top retailers as stores within stores. Now it looks like Nike has a chance to reach a crucial objective: double its sales to women by the end of the decade.
How to Sell to Women
Nike Goddess began as a concept for a women-only store, and there’s a reason why. Many of the retail settings in which the company’s products were found were a turnoff to female customers: dark, loud, and harsh – in a word, male. In sharp contrast, the Nike Goddess stores have the comforting feel of a woman’s own home.
How to Design for Women
Designing a new approach to retail was only one element in Nike’s campaign. Another was redesigning the shoes and clothes themselves. Nike’s footwear designers worked on 18-month production cycles – which made it hard to stay in step with the new styles and colors for women. The apparel group, which worked around 12-month cycles, was better at keeping up with fashion trends. But that meant that the clothes weren’t coordinated with the shoes – a big turnoff 2 for women.
How to Talk to Women
When Jackie Thomas, Nike’s US brand marketing director for women, first heard the phrase ‘Nike goddess,’ she wasn’t impressed. ‘I don’t like talking to women through gender,’ she says. Nike Goddess had to mean something to women and it was her job to make that happen. ‘Women don’t need anybody’s permission. We are at our best when we are showing women a place where they didn’t think they could be.’ For John Hoke, the real power of Nike Goddess is not about traffic at stores. It’s about changing minds inside the company. ‘I knew that Goddess could galvanise3 us,’ he says, ‘It was an opportunity to redefine and re-energies our entire brand around a market that was taking off.’






Q2: In about 200 words, write an essay analyzing the STEEPLE Module .
Students are required to define each key concept (STEEPLE) and to illustrate all concepts with examples. (40%)

An article in the Economist observed that "people of all ages would gain from policies that boosted growth and productivity."
Source: "Slower Growth in Ageing Economies Is Not Inevitable," Economist, March 28, 2019.
a. What do people gain when the economy experiences growth and improved productivity?
O A. Real wages increase when workers produce more output per hour.
O B. In general, increased productivity and economic growth are the key to rising living standards.
C. Workers receive higher real wages that allow them to buy more of the goods and services that firms produce.
D. Only A and B are correct.
O E. All of the above are correct.
b. Does increasing productivity automatically increase growth? Briefly explain.
O A. No, accumulating more inputs—such as labor, capital, and natural resources is the key to automatically increasing growth.
B. No, this assumption only holds true for high-income countries like the United States.
C. Yes, increasing productivity should automatically increase growth as measured by nominal GDP.

what type of economic system does cubs have

Analyse why the social benefit of education exceeds the private benefit

Which benefit is the result of specialization?
Oincreased efficiency
O control of the business cycle
O development of new markets
O incentive to work harder

A $1,000 bond quoted at _____ would be purchased or sold at a discount.

a. 110
b. 100
c. 98
d. 105

As general price levels rise, the value of money
O is not affected
O stays the same
O rises
falls

Why is it important to use multiple methods of both broadcast and online media advertising?

Any unamortized premium is reported on the balance sheet

a. as a deduction from the face amount of the bonds.
b. as an addition to the face amount of the bonds.
c. as a stand-alone line item.
d. netted with bonds, showing only the carrying amount.

The determination of the productivity of the inputs utilised in the manufacturing process is a critical component of management decision making. As we will see, these metrics are advantageous for assessing the performance of a manufacturing process and making profit- maximizing input selections. Total product, average product, and marginal product are the three most significant metrics of productivity. Explain with appropriate example.

Expansionary fiscal policy to prevent real GDP from falling below potential real GDP would cause the inflation rate to be ________ and real GDP to be ________.

A leverage ratio is any one of several financial measurements that look at how much capital a firm holds in relation to its total assets. For our purposes we define the bank's leverage ratio as equity capital divided by total assets.*

Go to the St. Louis Federal Reserve FRED database, and find data on assets less liabilities, i.e. bank capital (RALACBM027SBOG), and total assets of commercial banks(TLAACBM027SBOG). Starting in January 1995 until December 2018, calculate the bank leverage ratio and create a line graph of the leverage ratio over this sample (include the graph you created with your submission). Given the path of bank leverage over time, what can you conclude about moral hazard in the banking system over the time period considered?



* - Just to show how nebulous is the definition of the leverage ratio, the inverse of this ratio is also called a leverage ratio in other contexts.

Which budget items (costs) would you include and exclude in your training budget?

Personal and business finances should be kept separate.
True
False

Why should an entrepreneur do a feasibility study for starting a new venture

A. Al Manara Company sells its single product for $ 30 per unit . The contribution margin ratio is 45%; and fixed costs are $ 10,000 per month. Required If Al Manara sells 1,000 units in the current month, what would Al Manara’s variable expenses be?