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    anglprncss's Avatar
    anglprncss Posts: 1, Reputation: 1
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    #1

    Apr 19, 2011, 09:14 PM
    Managerial accounting homework help free?
    In preparing a master budget, top management is generally best able to do
    A) prepare detailed departmental- level budget figures
    B) provide a perspective on the company as a whole
    C) point out the particular persons who are to blame for inability to meet budget goals
    D) response a,b,c are all correct
    smoothy's Avatar
    smoothy Posts: 25,495, Reputation: 2853
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    #2

    Apr 20, 2011, 05:55 AM


    Another homework question from yet another person who hasn't read the rules about homework.

    Read this first: Expectations for the Homework Help board
    Do not simply retype or paste a question from your book or study material

    We won't do your homework questions for you.
    You were given the assignment for you to learn.

    If you come up with your own answer and post it for us to critique that is within reason.

    If you have some SPECIFIC questions that you couldn't find or didn't understand, we may help with that.
    But this is your assignment, so show us you have at least attempted to complete it on your own.
    msnique9504's Avatar
    msnique9504 Posts: 4, Reputation: 1
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    #3

    Oct 24, 2011, 06:45 PM
    Zippy Company prepares monthly cash budgets. Relevant data from operating budgets for 2012 are:



    January February
    Sales $513,000 $513,000
    Direct Material Purchases 141,000 111,000
    Direct Labor 105,000 110,000
    Manufacturing Overhead 63,000 72,000
    Selling and Administrative Expenses 77,000 78,000

    All sales are on account. Collections are expected to be 50% in the month of sale, 30% in the first month following the month of sale, and 20% in the second month following the month of sale. Fifty percent (50%) of direct materials purchases are paid in cash in the month of purchase, and the balance due is paid in the month following the month of purchase. All other items above are paid in the month incurred. Depreciation has been omitted from manufacturing overhead and selling and administrative expenses.



    Other data:


    1.) Credit sales: November 2011, $220,000; December 2011, $275,000


    2.) Purchases of direct material : December 2011, $90,000


    3.) Other receipts: January - Collection of December 31, 2011 interest receivable $3,000
    February - Proceeds from sale of securities $5,000

    4.) Other disbursements: February - payment of $28,000 for land.


    5.) The company's cash balance on January 1, 2012, is expected to be $60,000.


    Instructions:
    1.) Prepare schedules for (a) expected collections from customers and (b) expected payments for direct materials purchases.

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