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Data Months June July August September 13,000 Budgeted unit sales 8,400 10,000 12,000...

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Accounting

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Data Months June July August September 13,000 Budgeted unit sales 8,400 10,000 12,000 Selling price per unit Accounts receivable, beginning balance Sales collected in the quarter sales are mad Sales collected in the quarter after sales are made Desired ending finished goods inventory is Finished goods inventory, beginning Raw materials required to produce one unit Desired ending inventory of raw materials is Raw materials inventory, beginning Raw material costs Raw materials purchases are paid $70 40% 60% 20% of the budgeted unit sales of the next quarter units 5 pounds 10% of the next quarter's production needs pounds $2.00 per pound 30% in the quarter the purchases are made 70% in the quarter following purchase and Accounts payable for raw materials, beginning balance Direct labor wage rate Direct labor needed to produce one unit Variable & selling administrative expenses Fixed selling & administrative expenses $15 hour 2 hours $1.80 per unit $60,000 per month

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