A merchanding company reported the information below from its March master budget: $79,100 $74,200 Cost of goods sold Cash paid for merchandise purchases Selling and administrative expenses Cash paid for selling and administrative expenses $34,100 $26,900 $19,200 Retained earnings, March 1 Retained earnings, March 31 $25,400 If the company does not plan to declare a dividend or incur any interest in the month, what is its budgeted sales for March? Ignore taxes.

Tannin Products Inc. prepared the following factory overhead cost budget for the Trim Department for July of the current year, during which it expected to use 14,000 hours for production: Variable overhead cost:         Indirect factory labor $44,800       Power and light 10,360       Indirect materials 21,000         Total variable overhead cost   $ 76,160 Fixed overhead cost:         Supervisory salaries $54,380       Depreciation of plant and equipment 14,310       Insurance and property taxes 26,710         Total fixed overhead cost   95,400 Total factory overhead cost   $171,560 Tannin has available 18,000 hours of monthly productive capacity in the Trim Department under normal business conditions. During July, the Trim Department actually used 13,000 hours for production. The actual fixed costs were as budgeted. The actual variable overhead for July was as follows: Actual variable factory overhead cost:         Indirect factory labor $40,560…

Weather Change, Co. reports the following information from its sales budget:   Budgeted sales (units) July 18,000 August 19,200 September 20,400 October 21,800 November 24,100 December 25,900 The budgeted sales price per unit is $72.  The company desires each month’s ending finished goods inventory to equal 15% of the following month’s sales, and the company desires each month’s ending raw materials inventory to equal 25% of the following month’s budgeted production needs.  Each unit of output requires 8 grams of materials and each gram of material costs $2.00.  The firm budgets that each unit will take 2.5 hours to complete and the labor rate is $14.00 per DL hour.  Variable factory overhead is estimated to be $3.00 per DL hour.  There is no fixed factory OH.  The budgeted variable selling, general, and administrative expenses are $2.00 per unit sold and the budgeted fixed selling, general, and administrative expenses are $89,450 total per…

Montel Company's July sales budget shows sales of $560,000. The company budgets beginning merchandise inventory of $68.00O and ending merchandise inventory of $33,000 for July. Cost of goods sold is 30% of sales. Determine the budgeted cost of merchandise purchases for July. Hint: Use the relation (Beginning Inventory + Purchases - Cost of Goods Sold = Ending Inventory) to solve for purchases. MONTEL COMPANY Budgeted Cost of Merchandise Purchases For Month Ended July