accounting- The WRT Corporation makes collections on sales according to the following schedule

QUESTION

.The WRT Corporation makes collections on sales according to the following schedule:30% in month of sale64% in month following sale6% in second month following saleThe following sales have been are expected:Expected Sales April$100,000 May$110,000 June$100,000 Budgeted cash collections in June should be budgeted to be:$100,400$100,600$106,400$100,0002.The manufacturing overhead budget at Amrein Corporation is based on budgeted direct labor-hours. The direct labor budget indicates that 3,900 direct labor-hours will be required in August. The variable overhead rate is $7 per direct labor-hour. The company’s budgeted fixed manufacturing overhead is $43,230 per month, which includes depreciation of $3,530. All other fixed manufacturing overhead costs represent current cash flows. The August cash disbursements for manufacturing overhead on the manufacturing overhead budget should be:$67,000$70,530$27,300$39,700

Your instructor has not provided any instructions for this assignment.

• Due date:

  11/18/2015 at 6:30 PM
• Attempts:

  1 of 1 assignment attempts

• If your instructor makes any policy changes while you’re in the middle of an attempt, the changes will only apply to later attempts.

• Note : this assignment will be automatically submitted to your instructor on the due date even if your work is incomplete.

3.Richards Corporation has the following budgeted sales for the first half of next year: Cash SalesCredit Sales January$80,000 $180,000 February$85,000 $200,000 March$36,000 $160,000 April$41,000 $136,000 May$51,000 $230,000 June$110,000 $260,000 The company is in the process of preparing a cash budget and must determine the expected cash collections by month. To this end, the following information has been assembled: Collections on credit sales: 55% in month of sales 30% in month of following sales 15.0% in second month following sales The accounts receivable balance on January 1 is $68,000. Of this amount, $54,000 represents uncollected December sales and $14,000 represents uncollected November sales.The total cash collected during January would be:$241,000$300,000$120,000$229,0004.Bracken Corporation is a small wholesaler of gourmet food products. Data regarding the store’s operations follow: •Sales are budgeted at $380,000 for November, $400,000 for December, and $400,000 for January.•Collections are expected to be 80% in the month of sale, 19% in the month following the sale, and 1% uncollectible.•The cost of goods sold is 75% of sales.•The company would like to maintain ending merchandise inventories equal to 65% of the next month’s cost of goods sold. Payment for merchandise is made in the month following the purchase.•Other monthly expenses to be paid in cash are $22,200.•Monthly depreciation is $19,400.•Ignore taxes.Balance SheetOctober 31 Assets Cash$32,000 Accounts receivable, net of allowance for uncollectible accounts80,000 Merchandise inventory185,250 Property, plant and equipment, net of $608,000 accumulated depreciation1,190,000 Total assets$1,487,250 Liabilities and Stockholders’ Equity Accounts payable$250,000 Common stock880,000 Retained earnings357,250 Total liabilities and stockholders’ equity$1,487,250 December cash disbursements for merchandise purchases would be:$275,250$294,750$300,000$195,0005.Bracken Corporation is a small wholesaler of gourmet food products. Data regarding the store’s operations follow: •Sales are budgeted at $350,000 for November, $370,000 for December, and $370,000 for January.•Collections are expected to be 80% in the month of sale, 18% in the month following the sale, and 2% uncollectible.•The cost of goods sold is 75% of sales.•The company would like to maintain ending merchandise inventories equal to 80% of the next month’s cost of goods sold. Payment for merchandise is made in the month following the purchase.•Other monthly expenses to be paid in cash are $21,900.•Monthly depreciation is $19,100.•Ignore taxes.Balance SheetOctober 31 Assets Cash$29,000 Accounts receivable, net of allowance for uncollectible accounts77,000 Merchandise inventory210,000 Property, plant and equipment, net of $605,000 accumulated depreciation1,175,000 Total assets$1,491,000 Liabilities and Stockholders’ Equity Accounts payable$287,500 Common stock850,000 Retained earnings353,500 Total liabilities and stockholders’ equity$1,491,000 The difference between cash receipts and cash disbursements in December would be:$16,000$132,100$62,600$30,5506.LFM Corporation makes and sells a product called Product WZ. Each unit of Product WZ requires 3.6 hours of direct labor at the rate of $15.00 per direct labor-hour. Management would like you to prepare a Direct Labor Budget for June. The budgeted direct labor cost per unit of Product WZ would be:$15.00 per unit$31.80 per unit$8.20 per unit$54.00 per unit7.Skeete Inc. bases its selling and administrative expense budget on the number of units sold. The variable selling and administrative expense is $4.10 per unit. The budgeted fixed selling and administrative expense is $30,150 per month, which includes depreciation of $3,420. The remainder of the fixed selling and administrative expense represents current cash flows. The sales budget shows 4,000 units are planned to be sold in November.Required:Prepare the selling and administrative expense budget for November.Cash disbursement for selling and administrative expenses : ?e}ru:td”rewenssA”i”,:”n”ioptriscdeb_ta,”{}”:62″_],[0″:67″_l,ul:n1″_5,”llnu”:26″_},:{2″_3,”seal:f2″_4,”-1″:50″_1,:-4″_2,”-1″:31″_0,”:_5,”:04″”_e,lsfa”:48″_},:{7″_3,”}]90:47″_7,”59″:34″_[{“:23″_e,ru:t5″_4,”1″leit%20Tew”N”:mena,”}]seal:f7″_4,”:14″_5,”[]”:33″_},0″10:”1″”c”,48″3″:c0{“”:19″_},3″”2″:”0:{9″_5,”]]}}e”nspoes%20rermbNulety”s”:_7,”e}ru:t3″_4,”N”IOUTOL”S”:76″_:{5″_5,”}}uetr”:_1,”%24″:”1″_8,”:23″_5,”uetr”:63″_:{5″_5,”Y”NCREUR”C”:73″_:{9″_2,”}}”””:79″_”,)~(7~a:”5″_7{“”:56″_},”””:79″_”,:”5″_7{“”:30″_:{2″”_:{0″_2{“},”})%3B11%2023,16,%2037(1gb%20rr:locod-unrokgac”b”:_8,””}1)21,%2063%2017,13b(rg:”9″”_”,ONTIESQU:”6″_7{“”:55″_},”}:”9″_7,”s”seenxp%20evetirastnimiadd%20ang%20inllser%20fot%20enemrsbuis%20dshCa:”5″_7{“”:30″_:{2″”_:{0″_2{“[[“:13″_e,lsfa”:41″_},n”owpDro”d”:27″_1,:-5″_2,”{}”:75″_e,lsfa”:82″_:{8″_2,””””:22″_e,lsfa”:35″_e,ru:t6″_3,”{}”:55″_”,leab%20TedtltiUn:”9″_6,”:27″_1,”:18″_5{“:[5″_6{”

ANSWER:

REQUEST HELP FROM A TUTOR