Accounting-Aramar Company has the following sales budget

1) Aramar Company has the following sales budget:Month Cash Sales Credit SalesFebruary $24,000 $48,000March 18,800 29,200April 10,800 28,400Collections of credit sales are 35% in the month of sale, 30% in the month after sale and 33% two months after sale. No uncollectible accounts are expected.Required:Prepare a schedule of cash collections for the three months.2) The Scadoba Company has the following information available:Month Budgeted SalesMarch $150,000April 153,000May 151,000June 254,500July 252,500The cost of goods sold rate is 38% and the desired ending inventory level is 25% of the next month’s cost of sales.Required:Prepare a purchases budget for April, May and June.3) Direct Material Direct LaborStd. price per unit of input $12 per foot $14 per hourActual price per unit of input $14 per foot $13 per hourStd. inputs allowed per unit of output 5 feet 3 hoursActual units of input 2,500 feet 1,550 hoursActual units of output 600 unitsRequired:Compute the price and quantity variances for direct materials and direct labor.4) Progressive Company produces a product in a process-costing system involving several departments. The company uses the weighted-average method of product costing. The first department’s data for the month of April follow:Units in beginning work-in-process inventory 25,000Units started during April1 210,000Units completed during April 180,000Units in ending work-in-process inventory 55,000Direct materials added in current month $188,000Conversion costs added in current month $124,000Direct materials–beginning work-in-process inventory $25,750Conversion costs–beginning work-in-process inventory $3,225Stage of Completion:Materials Conversion CostsBeginning work-in-process inventory 100% 30%Ending work-in-process inventory 100% 65%Required:A) Compute equivalent units for materials and conversion costs.B) Compute the cost per unit for materials and conversion costs.C) Compute the cost of the units transferred.D) Compute the cost of the ending work-in-process inventory.5) Splitsville Company has two departments. Factory overhead costs are applied based on direct labor cost in Department A and machine hours in Department B. The following information is available:Budgeted Items Dept. A Dept. BDirect labor cost 280,000 $145,000Machine hours 31,000 50,000Factory overhead cost $185,000 $160,000Actual data for Job #10 are as follows:Actual Items Dept. A Dept. BDirect materials requisitioned $10,000 $16,000Direct labor cost $11,000 $14,000Machine hours 5,000 3,000Required:A) Compute the budgeted factory overhead rate for Department A.B) Compute the budgeted factory overhead rate for Department B.C) What is the total overhead cost for Job #10?D) If Job #10 consists of 80 units of product, what is the unit cost of this job?

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