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Morganton Company makes one product and it provided the following information to help prepare the master budget for its first four months of operations: a. The budgeted selling price per unit is $60. Budgeted unit sales for June, July, August, and September are 9,500, 26,000, 28,000, and 29,000 units, respectively. All sales are on credit. b. Forty percent of credit sales are collected in the month of the sale and 60% in the following month. c. The ending finished goods inventory equals 25% of the following month’s unit sales. d. The ending raw materials inventory equals 15% of the following month’s raw materials production needs. Each unit of finished goods requires 4 pounds of raw materials. The raw materials cost $2.40 per pound. e. Forty percent of raw materials purchases are paid for in the month of purchase and 60% in the following month. f. The direct labor wage rate is $12 per hour. Each unit of finished goods requires two direct labor-hours. g. The variable selling and administrative expense per unit sold is $1.50. The fixed selling and administrative expense per month is $65,000. 5. If 113,000 pounds of raw materials are needed to meet production in August, how many pounds of raw materials should be purchased in July? If the cost of raw material purchases in June is $149,340, what are the estimated cash disbursements for raw materials purchases in July?
Engineered Products Inc. (EPI) is a conglomerate with both manufacturing and service-based businesses. One of EPI’s larger manufacturing plants has been asked to increase its recycling efforts or face a major increase in its disposal fees. EPI prides..
Describe your approach to tracking a project. What kinds of issues would you focus on if you were a project manager? Why? Please cite source if any
Develop a case around a problem related to Communication or Managing Conflict & Negotiations in an organization (a fictional case). Outline of the problem and how it may be fixed using theory and practical solutions.
Why is it important to understand the 5 sources of revenue as part of the internal analysis? Lastly, as a business leader, you will have to determine what strategic issues and problem warrant "front burner" attention. How will use as manager employ t..
If Mercedes Benz realizes that its annual demand for 500SEL model is 50,000 and their cost of order preparations is $42,000.00 and the inventory carrying cost per car per year is $3,600.00. What will be the Economic Order Quantity.
Today, the Internet provides an unprecedented amount of information by way of blogs, videos, and podcasts. Conduct a critique of one blog, one video, and one podcast, which provide information that addresses the topic of your Final Research Paper.
The Dynaco Manufacturing Company produces a particular product in an assembly line operation. One of the machines on the line is a drill press that has a single assembly line feeding into it. A partially completed unit arrives at the press to be work..
Coca-cola markets powerade as a sports drink that competes with gatorade. Competition for sports drinks is fierce where they are sold in the coolers of convenience stores
Completing the Venture Opportunity Screening Exercises is designed to clear up the uncertainties and risks associated with that venture concept.
Select a well-known company and a product or service that is produced by that company (be sure to avoid products that are simply purchased by the company and sold to the company's customers, which is often the case at many retail stores).
What changes in employment relationships are likely to occur as the population ages? Do you think increasing age diversity will create new challenges for managers? What types of challenges do you expect will be most profound? What types of policies m..
As I mentioned earlier, the "Western" musical tradition that our ears are accustomed to stems from Europe. It has a specific set of notes - each octave has been equally split into 12 tones. Most music that we hear in this country is based on this tra..
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