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Company estimates that 2020 sales will be $42,800 in quarter 1, $52,600 in quarter 2,...

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Accounting

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Company estimates that 2020 sales will be $42,800 in quarter 1, $52,600 in quarter 2, and $62,100 in quarter 3. Cost of goods sold is 50% of sales, Management desires to have ending finished goods inventory equal to 12% of the next quarter's expect cost of goods sold Prepare a merchandise purchases budget by quarter for the first 6 months of 2020. nuancon Current Attempt in Progress For Crane Company, units to be produced are 5,480 in quarter 1 and 6.100 in quarter 2. It takes 1.5 hours to make a finished unit, and the expected hourly wage rate is $15 per hour Prepare a direct labor budget by quarters for the 6 months ending June 30, 2020, For Crane Company, units to be produced are 5,480 in quarter 1 and 6,100 in quarter 2. It takes 1.5 hours to make a finished unit, and the expected hourly wage rate is $15 per hour. Prepare a direct labor budget by quarters for the 6 months ending June 30, 2020, a

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