A company makes and sells a product called Silver-wrap. One…

A company makes and sells a product called Silver-wrap. One Silver-wrap requires 5 kilograms of Silver-R raw material. Budgeted production of Silver-wraps for the next five months is as follows:August18,400 unitsSeptember19,600 unitsOctober20,200 unitsNovember21,000 unitsDecember20,400 unitsThe company wants to maintain monthly ending inventories of Silver-R equal to 15% of the following month’s production needs. On July 31, this requirement was not met since only 12,500 kilograms of Silver-R were on hand. The cost of Silver-R is $18 per kilogram. The company wants to prepare a Direct Materials Purchase Budget for the next five months.In the Direct Materials Budget, what will be shown as the total cost of Silver-R to be purchased in August?

A corporation has a cash balance of $12,500 on July 1. The c…

A corporation has a cash balance of $12,500 on July 1. The company must maintain a minimum cash balance of $10,000. During July, expected cash receipts are $68,000. Cash disbursements during the month are expected to total $76,200 Ignoring interest payments, during July the company will need to borrow