Brimson has forecast sales for the next three months as

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Brimson has forecast sales for the next three months as follows: July 4,000 units, August 6,000 units, September 7,500 units. Brimson's policy is to have an ending inventory of 40% of the next month's sales needs on hand. July 1 inventory is projected to be 1,500 units. Monthly costs are budgeted as follows: What is budgeted manufacturing overhead cost for August? 2) Carlton has forecast sales to be $205,000 in February, $270,000 in March, $290,000 in April, and $310,000 in May. The average cost of goods sold is 60% of sales. All sales are made on credit and sales are collected 50% in the month of sale, 30% the month following and the remainder two months after the sale. What are budgeted cash receipts in May? 3)Burnet Company applies overhead based on direct labor hours. The variable overhead standard is 10 hours at $3.50 per hour. During October, Burnet Company spent $157,600 for variable overhead. 47,440 labor hours were used to produce 4,800 units. What is the variable overhead rate variance?

Reference no: EM13582658

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