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Use the following information to prepare cash budgets for Pi…

Use the following information to prepare cash budgets for Pineapple Company for June and July 2030.   June 2030 July 2030 Cash Balance June 1st $  50,000 ? Cash Receipts from Sales $450,000 $750,000 Cash Paid for Purchases $400,000 $350,000 Salaries Paid $200,000 $100,000 Rent Paid $8,000 $8,000 Truck purchased (paid in cash) $25,000   Income Taxes paid   $10,000 Cash Disbursements for Interest ? ?   Other Information:  Pineapple Company had an agreement with the bank. Pineapple would be required to keep a minimum bank balance of $50,000. Pineapple could borrow up to $1,000,000, with an annual interest rate of 12% (1% per month). Interest was calculated on the beginning of the month loan balance. Borrowings can only be made in $1,000 increments. Pineapple Company would pay off loan whenever they have the available funds to do so. Loan Balance: June 1st , 2030:      $200,000   Required: Remember: If the amount is a negative amount use ($ ) to indicate.

Part #1 Lime Company planned to produce 5,100 units of Produ…

Part #1 Lime Company planned to produce 5,100 units of Product Green using 5lbs of direct materials at a standard cost of $10 per lb. In actually producing 5,100 units of Product Green, Lime Company used 28,000 lbs. of direct materials costing a total of $266,000.   REQUIRED:Part #1 Based on the above information, calculate each of the following  and then indicate if it is favourable or unfavourable. a) Direct Material Price Variance (use $ sign and ,)  {#1} b) Is the Direct Material Price Variance  favourable or unfavourable?    {#2} c) Direct Materials Quantity Variance   (use $ sign and ,)  {#3} d) Direct Materials Quantity Variance {#4} e) The purchasing manager says that he did a good job getting the materials at a lower cost per lb., is the correct? {#5}