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equired information Skip to question The following information applies to the questions displayed below. Morganton Company makes one product and it provided the following information to help prepare the master budget: The budgeted selling price per unit is $ Budgeted unit sales for June, July, August, and September are and units, respectively. All sales are on credit. Forty percent of credit sales are collected in the month of the sale and in the following month. The ending finished goods inventory equals of the following months unit sales. The ending raw materials inventory equals of the following months raw materials production needs. Each unit of finished goods requires pounds of raw materials. The raw materials cost $ per pound. Forty percent of raw materials purchases are paid for in the month of purchase and in the following month. The direct labor wage rate is $ per hour. Each unit of finished goods requires two direct laborhours. The variable selling and administrative expense per unit sold is $ The fixed selling and administrative expense per month is $
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The following information applies to the questions displayed below.
Morganton Company makes one product and it provided the following information to help prepare the master budget:
The budgeted selling price per unit is $ Budgeted unit sales for June, July, August, and September are and units, respectively. All sales are on credit.
Forty percent of credit sales are collected in the month of the sale and in the following month.
The ending finished goods inventory equals of the following months unit sales.
The ending raw materials inventory equals of the following months raw materials production needs. Each unit of finished goods requires pounds of raw materials. The raw materials cost $ per pound.
Forty percent of raw materials purchases are paid for in the month of purchase and in the following month.
The direct labor wage rate is $ per hour. Each unit of finished goods requires two direct laborhours.
The variable selling and administrative expense per unit sold is $ The fixed selling and administrative expense per month is $
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