Assignment ARik Company makes one product and provided the following information to help prepare the master budget for its first four months of operations:
a) The budgeted selling price per unit is $70. Budgeted unit sales for June, July, August and September and October are 8,400, 10,000. 12,000.

14,000, and 16.000, respectively. AII 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 20% of the following month's unit sales.d) The ending raw materials inventory equals 10% of the following month's raw materials product ion needs. Each unit of finished goods requires 5

pounds of raw materials. The raw materials cost is $2.00 per pound.
e) Thirty percent of raw materials purchases are paid for in t he month of purchase. And 70% t he following month.f) The direct labor wage rate is $15 per hour. Each unit of finished goods requires two direct labor hours.g) The variable selling and administrative expense per unit sold is $1.80. The fixed selling and administrative expense per month is $60,000.
Please prepare the appropriate Budgets to calculate the following information for Management:1) What are the b udgeted sales for July, August & September'?2) What are the expected cash collections for July, August & September'?3) What is the Accounts Receivable balance at the end of September'?4) According to the Production Budget, How many units should be produced for July, August & September'?5) How many pounds of raw materials are needed to meet production in July, August & Sept ember. And what is the raw materials cost per month?6) What is the Accounts Payable balance for raw materials at the end of September'?7) What is the Raw Materials balance at the end of September?8) What is the total direct labor cost for July, August and September , assuming the direct labor force is adjusted to match t he hours required toproduce the next month's projected units of production?9) If the Company uses a predetermined overhead rate of $10 per direct labor hour, what is the unit product cost?
10) What is the finished goods inventory balance at the end of September?11) What Is the cost of goods sold and gross margins for July. August and September12) What is the total Selling and Administrative Expenses for July, August and September?13) What Is the net operating income for July, August & September?
Assignment BRik Company prepared the following contribution format Income statement based on a sales volume of 1,000 units:

Please compute the following based upon the information provided above:1) What is the Contribution Margin per unit?2) What is the Contribution Margin ratio?3) What is the Variable Expense ratio?4) If sales increase to 1,100 units, what would be the increase in net operating income?5) If sales decline to 950 units, what would be the net operating income?6) If the selling price increases by S2 per unit, and the sales volume decreases by 100 units, what would be the net operating income?7) If the variable cost per unit increases by S1, spending on advertising increases by $1,500, and unit sales increase by 250 units, what would be the net

operating income?
8) What is the break-even-point in unit sales?9) What is the break-even point in sales dollars?10) How many units must be sold to achieve a target profit of $5,000?11) What is the margin of safety in dollars? What is the margin of safety percentage?12) What is the degree of operating leverage?13) Using the degree of operating leverage, what is t he estimated percent increase in net operating income of a 5% increase in sales?14) Assume that the amounts of the company's total variable expenses and total fixed expenses were reversed. Assume that the total variable
expenses were $6,000 and total fixed expenses are $12,000. Under this scenario and assuming that total sales remain the same. What is thedegree of operating leverage?
15) Using the degree of operating leverage that you computed in the previous question, what is the estimated percent increase in net operating income of a

5% increase in sales?

You'd better get a move on then as that's a lot of work with very little time.

Darn, missed the deadline, it's 4:39 PM EDT.

AW, I got here too late. Oh wait - I wouldn't have read it anyway.

Time to change majors.

Priorities... Homework and assignments come before fun and games... if you had done that you wouldn't have missed your deadline.

If you miss deadlines in school you fail... miss deadlines in life and people may die, you might get fired, get a huge fine, and in some cases...go to jail or be found guilty of other things.

Why do we need to do assignments? I see no question here just some old fashioned work