1 .Forrest Corporation forecast purchases on account at $210,000 in June, $270,000 in July, $320,000 in August, and $390,000 in September. Seventy percent of purchases are paid in the month of purchase, the remaining thirty percent are paid in the following month. W hat are the budgeted cash payments for July? 2. All of the budgeted overhead for Company XYZ

Sep 8, 2023

1.Forrest Corporation forecast purchases on account at $210,000 in June, $270,000 in July, $320,000 in August, and $390,000 in September. Seventy percent of purchases are paid in the month of purchase, the remaining thirty percent are paid in the following month. What are the budgeted cash payments for July?

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1 .Forrest Corporation forecast purchases on account at $210,000 in June, $270,000 in July, $320,000 in August, and $390,000 in September. Seventy percent of purchases are paid in the month of purchase, the remaining thirty percent are paid in the following month. W hat are the budgeted cash payments for July? 2. All of the budgeted overhead for Company XYZ
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2. All of the budgeted overhead for Company XYZ are shown below, except for the budgeted fixed overhead. Use the following information to calculate the fixed overhead cost.

1st quarter

2nd trimester

Budgeted production units

7,000

7,500

Budgeted Variable Overhead Costs

$15,000

$18,750

Budgeted Fixed Overhead Costs

?

?

Budgeted depreciation included in total overhead

$3,000

$3,000

Budgeted cash outlays for total overhead

20,000

23,750

If the contribution margin is $1,000 and the contribution percentage is 25%. What is the sale price?

3. Use the information below to answer the question below.

Budgeted production (units)

9,000

10,000

8,500

Labor requirements per unit (hours)

1.5

1.5

1.5

Total labor hours required

13,500

15,000

12,750

Total labor dollars

60,750

72,000

61,200

Calculate Labor rate per hour

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