please help, also need to understand how its worked.

Required information (The following information applies to the questions displiyed below] Morganton Company makes one product and it provided the following information to help prepare the master budget: a. The budgeted selling price per unit is \$65. Budgeted unit sales for Junc, July. August, and September are 9300 . 24,000 26,000, and 27,000 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 30% of the following month's unit sales. d. The ending raw materlaks inventory equals 20% of the following month's raw materials production needs. Each unit of finished goods requires 4 pounds of raw materlals. The raw moterials cost $250 per pound. e. Thirty percent of raw materials purchases are paid for in the month of purctase and 70% in the following month. 1. The direct labor wage rate is $14 per hour. Each unit of finished goods requires two direct habor-hours. g. The varlable selling and administrative expense per unit sold is $1.90. The fixod selling and administrative expense per month is $63,000 7. In July what are the total estimated cash distursements for taw materials purchases? Aswame the cost of riw material putchases in June is $158,880, and 105,200 pounds of raw materials are needed to meet production in August. Required information The following information opplies to the questions displayed below) Morganton Company makes one product and it provided the following information to help piepare the master budget: a. The budgeted selling price per unit is $65. Budgeted unit sales for June, July. August, and Septernber are 9300 , 24,000,26,000, and 27,000 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 invertory equals 30% of the following montli's unit sales. d. The ending raw materials inventory equals 20% of the following month's raw motesials production needs, Each unit of: finished goods requires 4 pounds of raw materials, The raw materials cost $2.50 per pound. e. Thirty percent of raw materials purchases are paid for in the month of purchase and 70% in the following month. 6. The direct tabor wage rate is $14 per hour. Each unit of finished goocts requires two direct labor-trours. 9. The variable selling and administrative expense per unit sold is $1.90. The foxed selling and administrative expense pet month is $63,000. 14. What is the estimated total selling and administrative expense for July? Required informotion 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: a. The budgeted selling price per unit is \$65. Budgeted unit sales for June, July. August, and September are 9,300. 24,000, 26,000, and 27,000 units, respectively. All sales are on credit. b. Forty percent of credit sales are collected in the month of the sale and 600 in the following month. c. The ending finished goods inventory equals 30% of the following month's unit sales: d. The ending raw materials inventory equals 20% of the following month's taw materials production needs Each unit of finished goods requires 4 pounds of raw matelals. The raw matenais cost $2.50 per pound. e. Thirty percent of raw materials purchases are paid for in the month of purchase and 70% in the following month 4. The direct latwor wage rate is $14 per hout. Each unit of finshed goods requires two direct labor-hours. g. The variable selling and odministrative expense per unit sold is $190. The foed soiling and adminhtrative expenso per month is $63,000. 3. What is the accounts receivable balance at the end of July? Required information 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: a. The budgeted selling price per unit is $65. Budgeted unit sales for June, July, August, and September are 9,300 24,000,26,000, and 27,000 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 30% of the following month's unit sales. d. The ending raw materials inventory equals 20% of the following month's raw materials production needs. Each unit of finished goods requires 4 pounds of raw materials. The raw mateslals cost $2.50 per pound. e. Thirty percent of raw materlals purchases are paid for in the month of purchase and 70% in the following month. 1. The direct labor wage rate is $14 per hout. Each unit of finished goods requires two direct labor-hours. g. The varioble selling and administrative expense per unit sold is $1.90. The fored selling and administrative expense per month is $63,000 13. If we assume that there is no fixed manufacturing overhead and the variable manufacturing overhead is $9 per direct labor-thous. What is the estimated cost of goods sold and gross margin for July? Required information [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: 3. The budgeted selling price per unit is $65. Budgeted unit sales for June, July. August, and September are 9,300 . 24,000, 26,000, and 27.000 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 30% of the following month's unit sales. d. The ending raw materials inventory equals 20% of the following month's raw materials production needs. Each unit of finished goods requires 4 pounds of raw materials. The raw materials cost $2.50 per pound. e. Thirty percent of raw materlals purchases are paid for in the month of purchase and 70% in the following month t. The direct labor wage rate is $14 per hour. Each unit of finished goods requires two direct labor-hours. 9. The yariable selling and administrative expense per unit sold is $1.90. The fored selling and administrative expense per month is $63,000. 4. According to the production budget, how many units should be produced in July? Required informotion [The fallowing information applies to the questions displayed befow] Morganton Company makes one product and it provided the following information to help prepare the master budoet: a. The budgeted selling price per unit is $65. Budgeted unit sales for Junc, July. August, and September are 9300. 24,000,26,000, and 27,000 units, respectively. All sales are on credit b. Forty percent of ctedit sales are collected in the month of the sale and 603 in the following month. c. The ending finished goods inventory equals 30% of the following month's unit sales. d. The ending raw materlals inventory equals 20% of the following month's raw materials production needs. Each unit of finished goads requires 4 pounds of raw materials. The raw materlats cost $250 per pound. c. Thirty percent of raw materials purchases are paid for in the month of purchase and 70% in the following month. f. The direct labor wage rate is $14 per hour. Each unit of finished goods requires two direct labor-hours. 9. The variable selling and administrative expense per unit sold is $1.90. The fixed selling and administrative expense per month is $63.000 6. If 105.200 pounds of raw matetiols are needed to meet pioduction in August, what is the estimated cost of raw matetials puichases for July? Required informntion The following information opplies to the questions dosplayed below] Morganton Company makes one product and it provided the following information to hely prepate the master budget. a. The budgeted selling price per unit is $65. Budgeted unit soles for June. July. August and September are 9,300 , 24,000, 26,000, and 27,000 units, respectively. All soles 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 30% of the following monthis unit sales d. The ending taw intetetals inventory equals 20% of the following month's raw materials production needs. Each unit of finished goods requires A pounds of raw matenals. The raw materials cost 52.50 per pound e. Thirty percent of raw materials purchases are paid for in the month of purchase and 70% in the following month 1. The direct labor wage rate is $14 per hour, Each unt of finstied goods requines two direct labor-hours. 9. The variable selling and administrative expense per unit sold is $1.90. The fored selling and adminhtrative expense pel month is $63,000 11. If we assume that there is no foxed manufacturing overhead and the varlable manufacturing overhead is $9 per direct labor-hout, Whot is the estimated unit product cost? (Round your answer to 2 decimal places) Required informotion [The following information applies to the questions displayed below.] Morganton Company makes one product and it provided the following information to help prepore the master budget: a. The budgeted selang ptice per unit is $65. Budgeted unit sales for June. July. August, and September are 9300. 24,000, 26,000, and 27,000 units, respectively. All sales are on credit. b. Forty petcent of credit siles are collected in the month of the sale and 60K in the following month. c. The ending finished goods inventory equals 30% of the following month's unit sales. d. The ending raw materials inventory equals 20% of the following month's raw materials production needs. Each unit of finished goods requlres 4 pounds of raw materials. The faw materials cost $2.50 per pound. e. Thirty percent of raw materials purchases are paid for in the month of purchase and 70% in the following month. t. The direct labor wage rate is $14 per hour. Each unit of finished goods requires two direct labor-hours. g. The vakbble selling and adiministrative expense per unit sold is $1.90. The fixed selling and administrative expense per month is $63.000 10. What is the total estimated direct labor cost for July? Required information [The following intormation applies to the questions displayed below) Morganton Company makes one product and it provided the following information to help prepare the master budget: a. The budgeted selling price per unit is \$65. Budgeted unit sales for June, July. August, and September are 9,300. 24,000,26,000, and 27,000 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 30% of the following month's unit sales. d. The ending raw materials inventory equals 20% of the following inonth's raw materials production needs. Each unit of finished goods requires 4 pounds of raw materials. The raw materials cost $2.50 per pound. e. Thirty percent of raw materlals purchases are paid for in the month of purchase and 70% in the following month. f. The direct labor wage rate is $14 per hour. Each unit of finished goods reguires two direct labor-hours, 9. The variable selling and administrative expense per unit sold is $1.90. The fixed selling and administrative expense per month is $63,000. Required: 1. What are the budgeted sales for July? Required information The following information applies to the questions displayed beiow) Morganton Compory makes one product and it provided the following information to help prepare the master budget: a. The budgeted selling price per unit is \$65. Busgeted unit sales for June; July. August, and Septenber are 9,300 , 24,000, 26,000, and 27,000 units, respectively. All sales are on credit. b. Forty percent of credit sales are collected in the month of the sale and 50% in the following month. c. The ending finished goods irventory equals 30% of the following month's unit sales. d. The ending raw materials inventory equals 20% of the following month's raw materlals production needs. Each unit of finished goods requires 4 pounds of raw materials. The raw materiols cost $2.50 per pourid. e. Thity percent of raw materials purchases are paid for in the month of purctase and 70% in the following month. t. The disect lobor wage rate is $14 per hout Each unit of finished goods requires fwo direct labor hours. 9. The variable selling and administrative expense per unit sold is $1.90. The foxed selling and administrative expense per month is $63,000. 5. If 105,200 pounds of raw moterlals ace needed to meet production in August, how many pounds of raw materials should be: putchased in July? Required informotion [The following informition applies to the questions displayed below] Morganton Compsny makes one product and it provided the following information to help prepare the master budget: a. The budgeted selling price per unit is \$65. Budgeted unit sales for June; July. August, and Septernber are 9,300. 24,000,26,000, and 27000 units, respectively All sales are on creoit. 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 30% of the following month's unit sales: d. The ending raw materials irventory equals 20% of the following month's raw materials production needs. Each urit of finished goods requires 4 pounds of raw materials. The raw materlals cost $250 per pound. e. Thirty percent of raw materials purchases are pald for in the month of purchase and 70% in the following month. 1. The direct labor wage rate is $14 per hour, Each unit of finished goods requires two direct labor-hours. 9. The variable selling and administrative expense per unit sold is $1.90. The foxed selling and administrative expense per month is $63.000. 8. If 105,200 pounds of raw materials are needed to meet production in August, what is the estimoted accounts payable balance at the end of July? Required information The following information applies to the questions displayed beiow] Morganton Company makes one product and it ptovided the following information to help preporo the master budget: a. The budgeted selling price per unit is $65.. Budgeted unit sakes for June, July. August, and September are 9,300. 24,000,26,000, and 27,000 units, respectively. All sales are on credi. b. Forty percent of credit sales are collected in the month of the sale and 60% in the following month. c. The ending finstied goods inventory equals 30% of the following month's unit sales. d. The ending raw materials inventory equals 20% of the following month's raw materials production needs. Each urit of finished goods requires 4 pounds of raw materials. The raw materials cost $2.50 per pound e. Thirty percent of taw malenals purchases are paid for in the month of purchase and 70% in the following month. t. The direct latsor wage rate is $14 per hout. Each unit of finished goods requires two direct labor hours. 9. The variable selling and administrative expense per unit sold is $1.90. The fixed selling and administrative expense per month is $63,000. 15. If we assume that there is no foxed manufacturing overhead and the variable monufacturing overhead is $9 per direct labor-hour, what is the estimated net operating income for July? Required information Whe following information applies to the questions displiyed beiow] Morganton Company makes one product and it provided the following information to help prepare the master budget: a. The budgeted seling pice per unit is \$65. Budgeted unit sales fot June, Jily. August, and September are 9,300. 24,000,26,000, and 27,000 units, respectively. All sales me on credit. b. Forty percent of credit saies are collected in the month of the sole and 60% in the following month. c. The ending finistied goods inventory equals 30% of the following morth's unit sales. d. The ending raw materlals inventory equals 20% of the fosowng month's raw materials production needs. Each unit of finishied goods tequires 4 pounds of raw materials. The raw materials cost $2.50 per pound e. Thirty percent of raw matetials purchases are paid for in the month of purchase and 70% in the following inonth 1. The direct labor wage rate is $14 per hour. Each unit of finished goods requires two direct labor hours. 9. The variable seling and administrative expense per unit sold is $1.90. The fored selling and administrative expense per month is $63,000. 12. If we assume that there is no foed manufactuting ovethead and the variable manufacturing overthead is $9 per direct tabor-hout. what is the estimated finished goods inventory balance at the end of July? Required information The followning information ippolles to the questions displirged benow) Morgantari Compary makes one product and it provided the following informaton to heip peepare the master budget: a. The budgeted setting price pet uns is $65. Hudgeted unit sales foc thine, July, Avgust and Septeriber are 9.300 , 24,000,26,000 and 27000 units, respectively, All sales are on credit b. Forty percent of credit sales ave collected in the month ot the sale and 600 , in the foliowing monh c. The ending finished goods inventory equals 30% of the foliowing month sunis soles. d. The ending rim tnaterials invenfory ecauals 20% of the following momtis taw materials production needs. Each unat of finished poods requires 4 potinds of rew ataterials. The taw materlas cost $2.50 per pound. e. Thirfy percent of raw matedals putchases are paid for in the month of purchase and 70% in the foilowing month t. The direct labor wage tate is $14 per hour Each unit of finished goods requites two direct labor hous. 9. The varkable seling and adminhtratwe expense per unit sold is 5190 the fixed seiling and adinisistrative expense per month is $6,000. at the end of July? Required information [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: a. The budgeted selling price per unit is $65. Budgeted unit sales for June, July. August, and September are 9,300. 24,000,26,000, and 27,000 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 30% of the following month's unit sales. d. The ending raw materials inventory equals 20% of the following inonth's raw materials production needs. Each unit of finished goods requires 4 pounds of raw materials. The raw materials cost $2.50 per pound. e. Thirty percent of raw materials purchases are paid for in the month of purchase and 70 s in the following month. t. The direct labor wage rate is $14 per hour. Each unit of finished goods requires two direct labor-hours. g. The variable selling and administrative expense per unit sold is \$1.90. The fixed selling and administrative expense per month is $63,000. 2. What are the expected cash collections for July